Technical analysis EURUSD for 22.02.2022
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 above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.13075. The closest resistance is the level 1.13650
Key levels
- 1.14650, 1.14150, 1.13650, 1.13075, 1.12650, 1.12275, 1.11875, 1.11475
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.13650, with Take Profit of 1.13075 and Stop Loss of 1.13870
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.14150, with Take Profit of 1.14650 and Stop Loss of 1.13650
Scenario
Recommendation
SELL LIMIT
Entry Point
1.13650
Take Profit
1.13075
Stop Loss
1.13870
Key Levels
1.14650, 1.14150, 1.13650, 1.13075, 1.12650, 1.12275, 1.11875, 1.11475
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.14150
Take Profit
1.14650
Stop Loss
1.13650
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.