Technical analysis EURGBP for 26.05.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.84860. The closest resistance is the level 0.85280

Key levels

• 0.86150, 0.85725, 0.85375, 0.84900, 0.84490, 0.84075

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.84900, with Take Profit of 0.85375 and Stop Loss of 0.84490

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.84490, with Take Profit of 0.84075 and Stop Loss of 0.84610