EURUSD tests $1.10 resistance level
EURUSD Price Analysis – 27 November
If sellers are able to breach the $1.09 support level, the price can tumble sharply toward the $1.08 and $1.07 barrier levels. If buyers are able to keep the price above the $1.00 barrier level, the price may advance in the direction of the resistance levels of $1.11 and $1.12.
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: Bullish
Over time, the EURUSD has a promising future. The currency pair tested the $1.04 support level on September 27. It bounced back, reaching $1.06 level, a week later. The bears had lost their strength. Bulls gained traction, and the price began to rise. The $1.07–$1.08 resistance level was breached on the upside. It withdrew for a span of three days. Bullish pressure persisted, and this month’s non-farm payroll news gave the EUR a boost, causing the price to rise to the $1.09 mark. The price is currently increasing above $1.09 level.
The 21- and 9-period exponential moving averages of the currency pair are now being traded above. A sign that bull markets are getting stronger. The EURUSD is above both EMAs. If sellers are able to breach the $1.09 support level, the price can tumble sharply toward the $1.08 and $1.07 barrier levels. If buyers are able to keep the price above the $1.00 barrier level, the price may advance in the direction of the resistance levels of $1.11 and $1.12.
EURUSD medium-term Trend: Bullish
In the medium run, the EURUSD outlook is favorable. For almost three weeks, there has been positive pressure on the currency pair. The buying accelerated as soon as the $1.07 support level was breached. The price has been steadily constructing enormous bullish candles as it has risen above $1.06. Prices are now higher than $1.09.
The price position above the 9- and 21-period moving averages suggests an upward trend. At level 68, the Relative Strength Index’s period 14 signal lines are inclining, indicating a buy signal.
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.