Technical analysis EURGBP for 08.07.2022
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 0.8420. The closest resistance is the level 0.8460
Key levels
- 0.8590, 0.8510, 0.8460, 0.8420, 0.8380, 0.8330
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.8420, with Take Profit of 0.8380 and Stop Loss of 0.8460
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.8460, with Take Profit of 0.8510 and Stop Loss of 0.8420