EURAUD Technical Analysis, Trade Signals and Price Action

EURAUD Technical Analysis, Trade Signals and Price Action

EURAUD Technical Analysis

EURAUD Technical Analysis: Weekly Chart

In the weekly charts, EURAUD is trading in an up channel. EURAUD is currently trading above 20 days SMA & below 50 and 100 days SMA.

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

Its immediate support is 1.5043 & the resistance level is at 1.5346.

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

EURAUD Technical Analysis: Daily Chart

In the daily charts, EURAUD is trading in an up channel. EURAUD is currently trading above all SMA.

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

Its immediate support is 1.5182 & the resistance level is at 1.5277.

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

How to Trade EURAUD this Week:

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

TRADE SUGGESTION- BUY AT 1.5245, TAKE PROFIT AT 1.5277 AND STOP LOSS AT 1.5182

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