Technical analysis EURCHF for 21.06.2022
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 1.01500. The closest resistance is the level 1.02000
Key levels
- 1.03025, 1.02475, 1.02000, 1.01500, 1.01025, 1.00500
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.01500, with Take Profit of 1.01025 and Stop Loss of 1.01750
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.02000, with Take Profit of 1.02475 and Stop Loss of 1.01600