EURUSD Price: A Bullish Breakup at $1.11 Level Anticipated
Login

EURUSD Price: A Bullish Breakup at $1.11 Level Anticipated

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Buyers’ pressure is increasing

EURUSD Price Analysis –16 September

If buyers can break through the resistance level at $1.11, they can push the price higher to the $1.12 and $1.13 barrier levels. If sellers are successful in holding the price below the $1.10 barrier, prices may go below the $1.09 and $1.08 support levels.

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: Bullish

It is expected that the EURUSD will incline further. The currency pair picks up steam on April 17 and climbs into the $1.09 region. The bears had lost their strength. The price began to rise as bulls gained traction. The resistance range of $1.09–$1.10 was crossed. It hit $1.11, its previous high. Because the buyers were interested in the deal, the sellers did not allow them to increase their offer above the ceiling. The price dropped to about $1.10 as more sellers entered the market. Bulls are working hard right now to break above $1.11 per share.

EURUSD Price: A Bullish Breakup at $1.11 Level Anticipated

The Hull Suite indicates that the market is performing well as compared to the forex signal recommendations. If buyers can break through the resistance level at $1.11, they can push the price higher to the $1.12 and $1.13 barrier levels. If sellers are successful in holding the price below the $1.10 barrier, prices may go below the $1.09 and $1.08 support levels.

EURUSD medium-term Trend: Bullish

A bullish turn around in the EURUSD is expected in the medium run. The currency pair has been under upward pressure for the last three weeks. At $1.08, a double bottom chart pattern emerges. The price began to rise as it approached $1.09 and eventually passed it, but it was unable to break through to the $1.12 mark. Large bullish candles were produced by the price since it crossed above the Hull Suite signal. The amount increases to $1.11 from $1.09. The unit cost is getting close to $1.11.

EURUSD Price: A Bullish Breakup at $1.11 Level Anticipated

Right now, it costs more than Hull Suite. A higher QQE MOD score indicates an increasing slope.

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