Technical analysis EURUSD for 22.12.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.05825. The closest resistance is the level 1.06125

Key levels

• 1.06850, 1.06475, 1.06125, 1.05825, 1.05450, 1.05125

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 1.05825, with Take Profit of 1.05450 and Stop Loss of 1.06125

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.06125, with Take Profit of 1.06475 and Stop Loss of 1.05825