Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Sellers’ momentum decreases in EURUSD market
EURUSD Price Analysis – 14 August
EURUSD might drop far lower toward the $1.08 and $1.07 barrier levels if sellers are successful in breaching the $1.09 support level. The price may advance in the direction of the $1.11 and $1.12 resistance levels if buyers are successful in keeping the price above the $1.10 barrier level.
EUR/USD Market
Key Levels:
Resistance levels: $1.10, $1.11, $1.12
Support levels: $1.09, $1.08, $1.07
EURUSD Long-term Trend: Bearish
EURUSD is bearish on the long-term outlook. A few weeks ago, the currency pair was in the green. The bulls were in charge. The bullish momentum push caused it to reach a barrier level of $1.12 on July 18. Although the development of an upward channel shows a bullish continuation pattern, a bearish movement is still there because bears fought the breaking up of the $1.12 level. Price is challenging the $1.09 mark at the moment.
The fact that the EURUSD is currently trading below both the exponential moving averages of the 9 and 21 periods indicates that the bears are making progress. The price might drop far lower toward the $1.08 and $1.07 barrier levels if sellers are successful in breaching the $1.09 support level. The price may advance in the direction of the $1.11 and $1.12 resistance levels if buyers are successful in keeping the price above the $1.10 barrier level.
EURUSD medium-term Trend: Bearish
EURUSD is bearish on the medium-term outlook. The currency pair has been under bearish pressure ever since three weeks ago. Sellers found the $1.09 support level and held their footing there. EURUSD may not decline below the $1.09 level and there have been several large bullish candles produced. It’s possible that the price may bounce up towards $1.11 level.
A negative trend is indicated by the price position below the 9-period moving average. The period 14 signal lines for the Relative Strength Index are pointing upside and displaying a buy signal at level 44.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
