Technical analysis EURGBP for 11.04.2022
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 0.83500. The closest resistance is the level 0.83750
Key levels
- 0.84525, 0.84250, 0.84025, 0.83750, 0.83500, 0.83200, 0.82925
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.83750, with Take Profit of 0.84025 and Stop Loss of 0.83500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.83500, with Take Profit of 0.83200 and Stop Loss of 0.83750