EURUSD Price: Bears Oppose Bulls at $1.18 Point

Sellers’ Pressure increase daily

EURUSD Price Analysis – 05 January

If buyers can get past the $1.17 resistance, they might raise the price to the $1.18 and $1.19 levels. There may be a drop below the $1.15 and $1.14 support levels if sellers are able to keep the price below the $1.16 level.

EUR/USD Market

Key Levels:

Resistance levels: $1.17, $1.18, $1.19

Support levels: $1.16, $1.15, $0.1.14

 EURUSD Long-term Trend: Bearish

A big bearish engulfing candle on the daily chart indicates that the price decrease began at $1.18. The price is declining and the downward trend is being sustained by the bears. As the negative trend intensified, the price started to drop. As the bearish trend continues, the price is currently getting close to the $1.16 support level after breaking the $1.17 level. The prior level was obviously the bottom of a bearish trend. Buyers set a lower boundary to stop further price declines. As the price approached $1.16, more dealers joined the market. In an effort to maintain the downward trend, the bears are currently defending the $1.17 level.

The market is decreasing in accordance with the currency signal, according to the Hull Suite. If buyers can get past the $1.17 resistance, they might raise the price to the $1.18 and $1.19 levels. There may be a drop below the $1.15 and $1.14 support levels if sellers are able to keep the price below the $1.16 level.

EURUSD medium-term Trend: Bearish

For the EURUSD, a medium-term bearish reversal has been verified. The currency pair has been under bearish pressure for the last two weeks. At $1.14, a bearish engulfing pattern emerges. As the price got closer to $1.18, it began to increase. The bearish reversal started when the upward pressure subsided and a double top pattern appeared.

When the price is below the Hull Suite signal, strong bearish candles emerge. The flips down from $1.14 to $1.18. The Hull Suite signal is lower than the current price. Additionally, the QQE MOD score indicates an upward trend.

It’s to purchase a little and then sell

it will hit your SL most likely sha

it’s to buy a bit then sell

I should catch an EU sell today https://t.co/LXSBTsUBic

— Stefan (@stefan_opara) January 5, 2026

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