Technical analysis EURGBP for 11.04.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.83500. The closest resistance is the level 0.83750
Key levels
- 0.84525, 0.84250, 0.84025, 0.83750, 0.83500, 0.83200, 0.82925
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.83750, with Take Profit of 0.84025 and Stop Loss of 0.83500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.83500, with Take Profit of 0.83200 and Stop Loss of 0.83750
Scenario
Recommendation
BUY STOP
Entry Point
0.83750
Take Profit
0.84025
Stop Loss
0.83500
Key Levels
0.84525, 0.84250, 0.84025, 0.83750, 0.83500, 0.83200, 0.82925
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.83500
Take Profit
0.83200
Stop Loss
0.83750
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.