EURUSD Is Possibly Bullish

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


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