Technical analysis EURGBP for 11.05.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.8528. The closest resistance is the level 0.8565
Key levels
- 0.8682, 0.8633, 0.8598, 0.8565, 0.8528, 0.8486, 0.8449
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.8565, with Take Profit of 0.8633 and Stop Loss of 0.8528
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.8528, with Take Profit of 0.8486 and Stop Loss of 0.8565