Technical analysis EURGBP for 01.09.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.8640. The closest resistance is the level 0.8670
Key levels
- 0.8720, 0.8670, 0.8640, 0.8615, 0.8590, 0.8560, 0.8605
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.8640, with Take Profit of 0.8590 and Stop Loss of 0.8670
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.8670, with Take Profit of 0.8720 and Stop Loss of 0.8640
Scenario
Recommendation
SELL STOP
Entry Point
0.8640
Take Profit
0.8590
Stop Loss
0.8670
Key Levels
0.8720, 0.8670, 0.8640, 0.8615, 0.8590, 0.8560, 0.8605
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.8670
Take Profit
0.8720
Stop Loss
0.8640
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.