Technical analysis EURGBP for 13.07.2023

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.85740. The closest support is the level 0.85100

Key levels

• 0.86440, 0.86090, 0.85740, 0.85100, 0.84500, 0.84000

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.85740, with Take Profit of 0.86090 and Stop Loss of 0.85500

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.85100, with Take Profit of 0.84500 and Stop Loss of 0.85500