Technical analysis EURCHF for 31.05.2022

31.05.2022 09:24
Intradía
Técnico

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 support is the level 1.03000. The closest resistance is the level 1.03600

Key levels

  • 1.04750, 1.04150, 1.03600, 1.03000, 1.02475, 1.01950

Trading scenario

  • Recommended opening long positions (Buy Limit) from the level of 1.03000, with Take Profit of 1.03600 and Stop Loss of 1.02475

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.02475, with Take Profit of 1.01950 and Stop Loss of 1.02690
Guión
Recomendación
BUY LIMIT

Punto de entrada
1.03000

Take Profit
1.03600

Stop Loss
1.02475

Niveles clave
1.04750, 1.04150, 1.03600, 1.03000, 1.02475, 1.01950
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.02475

Take Profit
1.01950

Stop Loss
1.02690