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HomeContributorsTechnical AnalysisEURUSD Is Possibly Bearish

EURUSD Is Possibly Bearish

Octa
By Octa

Technical analysis

The RSI(14) and the RSI(3) point to a possible downwards correction

The Ichimoku indicator displays a prevailing flat

The CCI suggests a possible upwards movement.

Most likely scenario – SELL

Target prices: 1.17221 1.17085

Alternative scenario – BUY

Target prices: 1.17407 1.17501

Key levels

Support 1.17221 1.17085

Resistance 1.17407 1.17501

Octa
Octahttp://octaengine.com/c/?p=203&bt=gif&b=2369
Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 40 million trading accounts.

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