Contributors Technical Analysis EURUSD Is Possibly Bearish

EURUSD Is Possibly Bearish

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

 

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