Technical analysis EURNZD for 24.12.2021
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 trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.65458. The closest resistance is the level 1.66317
Key levels
- 1.68333, 1.67611, 1.66939, 1.66317, 1.65458, 1.64773, 1.64238, 1.63549, 1.62657
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.65458, with Take Profit of 1.64773 and Stop Loss of 1.66100
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.66939, with Take Profit of 1.67611 and Stop Loss of 1.66317