Technical analysis EURGBP for 20.05.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.85090. The closest support is the level 0.84640
Key levels
- 0.85640, 0.85270, 0.85090, 0.84640, 0.84350, 0.84160
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.85090, with Take Profit of 0.85270 and Stop Loss of 0.84850
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.84640, with Take Profit of 0.84350 and Stop Loss of 0.84850
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.