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EURUSD Is Possibly Bearish

Octa
By Octa

Technical analysis

The RSI is near the oversold zone

The MACD is below 0, with an indicator line pointing downwards.

Most likely scenario – SELL

Target prices: 1.16498 1.16106

Alternative scenario – BUY

Target prices: 1.16858 1.17240

Key levels

Support 1.16498 1.16106

Resistance 1.16858 1.17240

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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