. Weekly Forex Chart & Technical Analysis - 20 April 2023

Weekly Forex Chart & Technical Analysis – 20 April 2023

20 Apr 2023

EURCHF Technical Analysis: Weekly Chart

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

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

Its immediate support is 0.95000 the resistance level is at 0.95950

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

EURCHF Technical Analysis: Daily Chart

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

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

Its immediate support is 0.95000 the resistance level is at 0.96000

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

How to Trade EURCHF this Week:

EURCHF will follow the downtrend until its trend reversal. So, remain bearish on EURCHF.

TRADE SUGGESTION- SELL AT 0.95712, TAKE PROFIT AT 0.95400, AND STOP LOSS AT 0.96000