Technical analysis EURGBP for 08.08.2022
08.08.2022 09:09
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 ready to roll over from descending to ascending. Instrument corrected to the Tenkan-se line. The closest support is the level 0.8400. The closest resistance is the level 0.8435
Key levels
- 0.8585, 0.8530, 0.8495, 0.8465, 0.8435, 0.8400, 0.8345
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.8435, with Take Profit of 0.8495 and Stop Loss of 0.8400
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.8400, with Take Profit of 0.8345 and Stop Loss of 0.8435
Scenario
Recommendation
BUY STOP
Entry Point
0.8435
Take Profit
0.8495
Stop Loss
0.8400
Key Levels
0.8585, 0.8530, 0.8495, 0.8465, 0.8435, 0.8400, 0.8345
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.8400
Take Profit
0.8345
Stop Loss
0.8435