EURUSD Technical Analysis: Weekly Chart

In the weekly charts, EURUSD is trading in a down channel. EURUSD is currently trading below all SMA except MA (5).

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

Its immediate support is 0.99000 the resistance level is at 1.02000

EURUSD will trade in a down channel until there is a trend reversal.

EURUSD Technical Analysis: Daily Chart

In the daily charts, EURUSD In the weekly charts, EURUSD is trading in a down channel. EURUSD is currently trading below all SMA except MA (5).was trading in a down channel. EURUSD is currently trading above all SMA except MA (5).

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

Its immediate support is 0.99000 the resistance level is at 1.02000

EURUSD was traded in a down channel before there is an upside breakout.  

How to Trade EURUSD this Week:

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

TRADE SUGGESTION- BUY AT 0.99225, TAKE PROFIT AT 1.02000 AND STOP LOSS AT 0.98900.