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

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Azeez Mustapha

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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 .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 .11 Level Anticipated

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

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