Technical analysis EURGBP for 07.07.2022
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 0.85125. The closest resistance is the level 0.85400
Key levels
- 0.85925, 0.85650, 0.85400, 0.85125, 0.84850
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.85400, with Take Profit of 0.85125 and Stop Loss of 0.85650
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.85650, with Take Profit of 0.85925 and Stop Loss of 0.85400
Scenario
Recommendation
SELL LIMIT
Entry Point
0.85400
Take Profit
0.85125
Stop Loss
0.85650
Key Levels
0.85925, 0.85650, 0.85400, 0.85125, 0.84850
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.85650
Take Profit
0.85925
Stop Loss
0.85400
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.