. EURAUD Weekly Forecast & Technical Analysis - 19 April 2023

EURAUD WEEKLY NEWS FORECAST & TECHNICAL ANALYSIS – 19 APRIL 2023

EURAUD WEEKLY NEWS FORECAST & TECHNICAL ANALYSIS – 19 APRIL 2023

19 Apr 2023

EURAUD Technical Analysis: Weekly Chart

In the weekly charts, EURAUD is trading in an up channel. EURAUD is currently trading above the middle line of the Bollinger bands.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 1.56000 the resistance level is at 1.64000

EURAUD will trade in an up channel until there is a trend reversal.

EURAUD Technical Analysis: Daily Chart

In the daily charts, EURAUD is trading in an up channel. EURAUD is currently trading above the middle line of the Bollinger bands.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 1.61000 the resistance level is at 1.63000

EURAUD will trade in an up channel until there is a trend reversal. 

How to Trade EURAUD this Week:

EURAUD will follow the uptrend until its trend reversal. So, remain bullish on EURAUD.

TRADE SUGGESTION- BUY AT 1.61628, TAKE PROFIT AT 1.63000 AND STOP LOSS AT 1.60000.