Technical analysis EURCHF for 27.10.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.99880. The closest support is the level 0.98720

Key levels

• 1.00930, 1.00400, 0.99880, 0.98720, 0.97890, 0.97270

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.99880, with Take Profit of 1.00400 and Stop Loss of 0.99250

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.98720, with Take Profit of 0.97890 and Stop Loss of 0.99250