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    HomeContributorsTechnical AnalysisEURUSD Is Possibly Bullish

    EURUSD Is Possibly Bullish

    Octa
    By Octa

    Technical analysis

    The RSI(14) points to an uptrend while the RSI(3) suggests a potential downwards correction.

    The price is in the uptrend Fibonacci fan channel which is advantageous for bulls.

    Most likely scenario – BUY

    Target prices: 1.16134 1.16189 1.16236

    Alternative scenario – SELL

    Target prices: 1.16067 1.16028 1.15990

    Key levels

    Support 1.16067 1.16028 1.15990

    Resistance 1.16134 1.16189 1.16236

    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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