EURNOK Technical Analysis: Weekly Chart

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

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

Its immediate support is 9.8140 & the resistance level is at 9.9736.

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

EURNOK Technical Analysis: Daily Chart

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

RSI is in over sold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 9.8568 & the resistance level is at 9.9330.

EURNOK was trading in down channel before there is breakout downside. 

How to Trade EURNOK this Week:

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

TRADE SUGGESTION- SELL AT 9.8880, TAKE PROFIT AT 9.8568 AND STOP LOSS AT 9.9330