Technical analysis EURGBP for 18.05.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.84075. The closest resistance is the level 0.84490
Key levels
- 0.85650, 0.85280, 0.84860, 0.84490, 0.84075, 0.83700
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.84490, with Take Profit of 0.84075 and Stop Loss of 0.84860
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.84860, with Take Profit of 0.85280 and Stop Loss of 0.84490