Contributors Technical Analysis EURUSD Is Possibly Bullish

EURUSD Is Possibly Bullish

Technical analysis

The RSI(14) and the RSI(3) both suggest an upwards movement.

The price is above the EMA(50) which is advantageous for bulls.

Most likely scenario – BUY

Target prices: 1.15990 1.16067 1.16134

Alternative scenario – SELL

Target prices: 1.15875 1.15791 1.15691

Key levels

Support 1.15875 1.15791 1.15691

Resistance 1.15990 1.16067 1.16134

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