Technical analysis EURGBP for 11.05.2022
11.05.2022 09:08
Intraday
Technical
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
Scenario
Recommendation
BUY STOP
Entry Point
0.8565
Take Profit
0.8633
Stop Loss
0.8528
Key Levels
0.8682, 0.8633, 0.8598, 0.8565, 0.8528, 0.8486, 0.8449
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.8528
Take Profit
0.8486
Stop Loss
0.8565