Technical analysis EURCHF for 30.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.9965. The closest resistance is the level 1.0050

Key levels

• 1.0210, 1.0120, 1.0050, 0.9965, 0.9880, 0.9800

Trading scenario

1. Recommended opening short positions (Sell) at the current price, with Take Profit of 0.9880 and Stop Loss of 1.0050

Alternative scenario

1. Recommended opening long positions (Buy Stop) from the level of 1.0050, with Take Profit of 1.0210 and Stop Loss of 0.9965