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EURUSD Price: Reaction around 1.8000 Zone for a Buy Continuation Enivisaged

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EURUSD Price: Bullish Pressure Is Increasing

Price may reach $1.20 level

EURUSD Price Analysis – 26 January

The price may rise to the $1.19 and $1.20 levels if buyers are able to overcome the $1.18 resistance. If sellers are successful in keeping the price below the $1.17 level, there can be a decline below the $1.16 and $1.15 support levels.

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

On the daily chart, a large bullish engulfing candle shows that the price incline started at $1.15. The price started to rise, and the bulls are carrying on the upward trend.

Reaction around 1.8000 Zone for a Buy Continuation Enivisaged

The price began to incline as the positive trend intensified. After breaking through the $1.16 barrier, the price is currently inclining at the $1.17 resistance level as the bullish trend continues. Clearly, the previous level represented the lowest point of a bearish trend. A lesser barrier to additional price increase is provided by buyers. More dealers entered the market when the price got closer to $1.17. The bulls are currently defending the $1.16 level in an attempt to sustain the inclining trend.

EURUSD Price: Bullish Pressure Is Increasing

The market is inclining in line with the currency signal, according to the Hull Suite. The price may rise to the $1.19 and $1.20 levels if buyers are able to overcome the $1.18 resistance. If sellers are successful in keeping the price below the $1.17 level, there can be a decline below the $1.16 and $1.15 support levels.

EURUSD medium-term Trend: Bullish

For the past two days, the EURUSD has been under bullish pressure; at $1.15, a bullish engulfing pattern appears; as the price approaches $1.15, it starts to incline; the positive reversal began when the downward pressure subsided and a double bottom pattern appeared; strong bullish candles appear.

EURUSD Price: Bullish Pressure Is Increasing The price rise from $1.15 to $1.18 when it is above the Hull Suite signal; also, the QQE MOD score is trending upward.

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