Technical analysis EURGBP for 26.05.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.84860. The closest resistance is the level 0.85280
Key levels
- 0.86150, 0.85725, 0.85375, 0.84900, 0.84490, 0.84075
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.84900, with Take Profit of 0.85375 and Stop Loss of 0.84490
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.84490, with Take Profit of 0.84075 and Stop Loss of 0.84610
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.