EURUSD Price: Bullish Movement May Continue After a Pullback

EURUSD is aiming at $1.20 level

EURUSD Price Analysis – 16 February

The price may rise to the $1.19 and $1.20 levels if buyers are able to overcome the $1.18 resistance. There may be a drop below the $1.16 and $1.15 support levels if sellers can hold the price below the $1.17 mark.

EUR/USD Market

Key Levels:

Resistance levels: $1.18, $1.19, $1.20

Support levels: $1.17, $0.1.16, $1.15

EURUSD Long-term Trend: Bullish

A sizable bullish engulfing candle on the daily chart indicates that the price climb began near $1.15. The price started to increase, and the bulls are still doing so. As the increasing trend gathered steam, the price started to rise. The price maintains its upward trend after surpassing the $1.18 barrier and hits the $1.20 resistance level. It is evident that the previous level was the lowest point in a bearish trend.

Awaiting the Completion of the Consolidation

I’m currently watching $EURUSD.

Waiting for the consolidation to finish, then I expect price to tap one of my key levels — either IRL or ERL. pic.twitter.com/O0eM7POLme

— MR | EUR (@MR_EUR0) February 16, 2026

Future price hikes are strongly discouraged by sellers. As the price approached $1.20, more dealers joined the market. The bulls are currently defending the $1.17 level in an attempt to prolong the rising trend.

The Hull Suite indicates that the market is slanting in accordance with the currency signal. The price may rise to the $1.19 and $1.20 levels if buyers are able to overcome the $1.18 resistance. There may be a drop below the $1.16 and $1.15 support levels if sellers can hold the price below the $1.17 mark.

.

EURUSD medium-term Trend: Bullish

For the past two days, the EURUSD has been experiencing bullish pressure; a bullish engulfing pattern appears around $1.15; the price starts to rise as it approaches $1.18; the positive reversal began when the downward pressure dropped and a double bottom pattern appeared; strong bullish candles are visible.

When the price is above the Hull Suite indicator, it changes from $1.17 to $1.18, and the QQE MOD score rises as well.

Start using a world-class auto trading solution

You can purchase Lucky Block here.  Buy LBLOCK