Technical analysis EURGBP for 20.05.2022
20.05.2022 09:01
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward 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 0.85090. The closest support is the level 0.84640
Key levels
- 0.85640, 0.85270, 0.85090, 0.84640, 0.84350, 0.84160
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.85090, with Take Profit of 0.85270 and Stop Loss of 0.84850
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.84640, with Take Profit of 0.84350 and Stop Loss of 0.84850
Scenario
Recommendation
BUY STOP
Entry Point
0.85090
Take Profit
0.85270
Stop Loss
0.84850
Key Levels
0.85640, 0.85270, 0.85090, 0.84640, 0.84350, 0.84160
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.84640
Take Profit
0.84350
Stop Loss
0.84850