Contributors Technical Analysis EURUSD Is Possibly Bearish

EURUSD Is Possibly Bearish

Technical analysis

The RSI is below level 50.

The Stochastics is below level 50 and headed downwards to oversold zone.

Most likely scenario – SELL

Target prices: 1.16074 1.16000

Alternative scenario – BUY

Target prices: 1.16501 1.16656

Key levels

Support 1.16074 1.16000

Resistance 1.16501 1.16656

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