HomeContributorsTechnical AnalysisEURUSD Is Possibly Bearish

EURUSD Is Possibly Bearish

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

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