Technical analysis EURCHF for 22.07.2022

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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.99250. The closest support is the level 0.98320

Key levels

• 1.00230, 0.99750, 0.99250, 0.98320, 0.97870, 0.97420

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.99250

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.98320