Technical analysis EURCHF for 08.06.2022
08.06.2022 02:04
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains 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 1.03600. The closest resistance is the level 1.04150
Key levels
- 1.04750, 1.04150, 1.03600, 1.03000, 1.02480
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.04150, with Take Profit of 1.04750 and Stop Loss of 1.03600
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.03600, with Take Profit of 1.03000 and Stop Loss of 1.04150
Scenario
Recommendation
BUY STOP
Entry Point
1.04150
Take Profit
1.04750
Stop Loss
1.03600
Key Levels
1.04750, 1.04150, 1.03600, 1.03000, 1.02480
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.03600
Take Profit
1.03000
Stop Loss
1.04150