Technical analysis EURCHF for 13.07.2022
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 0.9835. The closest resistance is the level 0.9875
Key levels
- 0.9950, 0.9910, 0.9875, 0.9835, 0.9795, 0.9770, 0.9735
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9835, with Take Profit of 0.9770 and Stop Loss of 0.9875
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9875, with Take Profit of 0.9950 and Stop Loss of 0.9835