Technical analysis EURGBP for 30.12.2021
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below 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 0.8400. The closest resistance is the level 0.8430
Key levels
- 0.5898, 0.8445, 0.8515, 0.8485, 0.8460, 0.8430, 0.8400, 0.8375, 0.8340
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.8430, with Take Profit of 0.8375 and Stop Loss of 0.8460
Alternative scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.8430 and Stop Loss of 0.8375
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.