Technical analysis EURGBP for 17.10.2022
17.10.2022 07:08
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.86700. The closest resistance is the level 0.87200
Key levels
- 0.87975, 0.87200, 0.86700, 0.86100, 0.85450
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.86700, with Take Profit of 0.86100 and Stop Loss of 0.87200
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.87200, with Take Profit of 0.87975 and Stop Loss of 0.86700
Scenario
Recommendation
SELL STOP
Entry Point
0.86700
Take Profit
0.86100
Stop Loss
0.87200
Key Levels
0.87975, 0.87200, 0.86700, 0.86100, 0.85450
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.87200
Take Profit
0.87975
Stop Loss
0.86700