Technical analysis EURGBP for 16.02.2022
16.02.2022 17:10
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.83675. The closest resistance is the level 0.84025
Key levels
- 0.85100, 0.84875, 0.84600, 0.84300, 0.84025, 0.83675, 0.83375, 0.83100
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.83675, with Take Profit of 0.83375 and Stop Loss of 0.83900
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.84300, with Take Profit of 0.84600 and Stop Loss of 0.84025
Scenario
Recommendation
SELL STOP
Entry Point
0.83675
Take Profit
0.83375
Stop Loss
0.83900
Key Levels
0.85100, 0.84875, 0.84600, 0.84300, 0.84025, 0.83675, 0.83375, 0.83100
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.84300
Take Profit
0.84600
Stop Loss
0.84025