Technical analysis EURGBP for 05.04.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument broke through the lower border of the cloud and continued to fall. The closest resistance is the level 0.83655. The closest support is the level 0.83375
Key levels
- 0.84795, 0.84445, 0.84125, 0.83655, 0.83375, 0.83125, 0.82775
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 0.83375 and Stop Loss of 0.83655
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 0.83375, with Take Profit of 0.83655 and Stop Loss of 0.83125