Technical analysis EURGBP for 07.01.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
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 0.83360. The closest resistance is the level 0.83725
Key levels
- 0.85775, 0.85475, 0.85150, 0.84750, 0.84450, 0.84150, 0.83725, 0.83360, 0.83100
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.83360, with Take Profit of 0.83100 and Stop Loss of 0.83500
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.83725, with Take Profit of 0.84150 and Stop Loss of 0.83360
Scenario
Recommendation
SELL STOP
Entry Point
0.83360
Take Profit
0.83100
Stop Loss
0.83500
Key Levels
0.85775, 0.85475, 0.85150, 0.84750, 0.84450, 0.84150, 0.83725, 0.83360, 0.83100
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.83725
Take Profit
0.84150
Stop Loss
0.83360
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.