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
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
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.