Buyers’ momentum increase in EURUSD market
EURUSD Price Analysis – 26 February
If buyers can breach the $1.086 resistance level, the price may surge swiftly into the $1.088 and $1.101 barrier levels. If sellers can maintain the price below the $1.073 barrier, prices may fall to the support levels of $1.066 and $1.05 levels.
EUR/USD Market
Key Levels:
Resistance levels: $1.086, $1.088, $1.101
Support levels: $1.073, $1.066, $1.05
EURUSD Long-term Trend: Bullish
The outlook for the EURUSD is good. On December 28, the currency pair gained strength and tested the $1.11 barrier. The bulls were no longer as strong. As bears gained traction, the price started to drop. There was a breach of the barrier between $1.088 and $1.101. It dropped to $1.07, its previous low. The price falls below $1.08 due to the demand from market sellers. Over the past week, buyers have increased their asking prices and gained dominance over the market. The price is currently inclining and approaching $1.086 level.
The market is trending higher, according to the Hull Suite, which is located below the currency pair. According to best forex signals; If buyers can breach the $1.086 resistance level, the price may surge swiftly into the $1.088 and $1.101 barrier levels. If sellers can maintain the price below the $1.073 barrier, prices may fall to the support levels of $1.066 and $1.05 levels.
EURUSD medium-term Trend: Bullish
In the medium term, a turnaround in the EURUSD is anticipated. For the past three weeks, there has been bearish pressure on the currency pair. A sell-off started when the price approached the resistance level at $1.11. Ever since the price dropped below the Hull Suite signal, it has produced enormous bearish candles. The price is retreating from the level of $1.073.
It is currently more expensive than Hull Suite. A higher number for the QQE MOD suggests a higher likelihood of further trend.
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
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
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.