Technical analysis EURUSD for 21.12.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.06100. The closest resistance is the level 1.06450

Key levels

• 1.06775, 1.06450, 1.06100, 1.05800, 1.05425

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.06100, with Take Profit of 1.06450 and Stop Loss of 1.05800

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.05800, with Take Profit of 1.05425 and Stop Loss of 1.06100