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HomeContributorsTechnical AnalysisEURUSD Is Possibly Bearish

EURUSD Is Possibly Bearish

Octa
By Octa

Technical analysis

The RSI is at the overbought zone.

The Stochastics left the overbought zone and headed downwards to level 50.

Most likely scenario – SELL

Target prices: 1.12998 1.12815

Alternative scenario – BUY

Target prices: 1.13174 1.13257

Key levels

Support 1.12998 1.12815

Resistance 1.13174 1.13257

 

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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