EURUSD Price: A Bearish Turnaround Anticipated at $1.12 Level
Login

EURUSD Price: A Bearish Turnaround Anticipated at $1.12 Level

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Bears’ pressure is increasing

EURUSD Price Analysis –09 September

Buyers have the ability to drive the price higher to the $1.12 and $1.13 barrier levels if they can break through the resistance level at $1.11. Prices may drop below the $1.09 and $1.08 support levels if sellers are successful in keeping the price below the $1.10 barrier.

EUR/USD Market

Key Levels:

Resistance levels: $1.11, $1.12, $1.13

Support levels: $1.10, $1.09, $1.08

 EURUSD Long-term Trend: Bearish

Declination spike in the EURUSD is anticipated. On April 17, the currency pair gains momentum and moves higher into the $1.09 range. The bears were no longer as strong. Bulls gained momentum, and the price started to increase. The $1.09–$1.10 resistance range was breached. It reached its previous peak of $1.11. The purchasers were not permitted by the sellers to raise their offer above the ceiling because they were interested in the deal. As more sellers entered the market, the price decreased to roughly $1.10 level. Currently, bears are putting in a lot of effort to break below $1.10 per share.

EURUSD Price: A Bearish Turnaround Anticipated at $1.12 Level

When compared to the forex signal recommendations, the Hull Suite shows that the market is not doing well. Buyers have the ability to drive the price higher to the $1.12 and $1.13 barrier levels if they can break through the resistance level at $1.11. Prices may drop below the $1.09 and $1.08 support levels if sellers are successful in keeping the price below the $1.10 barrier.

EURUSD medium-term Trend: Bearish

In the medium term, a bearish turnaround in the EURUSD is anticipated. For the past three weeks, there has been upward pressure on the currency pair. A double bottom chart pattern appears at $1.08. The price started to grow as it got closer to $1.09 and ultimately overtook it but unable to penetrated $1.12 level. Since crossing below the Hull Suite signal, the price has generated enormous bearish candles. The sum is falling from $1.12 to $1.10. The price per unit is approaching $1.10.

EURUSD Price: A Bearish Turnaround Anticipated at $1.12 Level It is currently less expensive than Hull Suite. A declined slope is indicated by a lower QQE MOD score.

Start using a world-class auto trading solution

You can purchase Lucky Block here.  Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News