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

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

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.
s

Azeez Mustapha

Updated:

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.

Start using a world-class auto trading solution

You can purchase Lucky Block here.  Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
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.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News