EURAUD Technical Analysis

EURAUD Technical Analysis

EURAUD Technical Analysis: Weekly Chart

EURAUD Technical Analysis

In the weekly charts, EURAUD is trading in down channel. EURAUD is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1.4531 & the resistance level is at 1.4872.

EURAUD will trade in down channel until there is trend reversal.

EURAUD Technical Analysis: Daily Chart

EURAUD Technical Analysis

In the daily charts, EURAUD is trading in down channel. EURAUD is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1.4671 & the resistance level is at 1.4767.

EURAUD will trading in down channel until there is trend reversal.  

How to Trade EURAUD this Week:

EURAUD will follow the downtrend until their trend reversal. So, remain bearish on EURAUD.

TRADE SUGGESTION- SELL AT 1.4725, TAKE PROFIT AT 1.4671 AND STOP LOSS AT 1.4767

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