Technical analysis EURGBP for 01.07.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.86400. The closest support is the level 0.86050
Key levels
- 0.87225, 0.86775, 0.86400, 0.86050, 0.85650, 0.85200
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.86400, with Take Profit of 0.86775 and Stop Loss of 0.86200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.86050, with Take Profit of 0.85650 and Stop Loss of 0.86200