EURUSD Price: Bulls Are Dominating Market

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


EURUSD may increase above $1.08 resistance level

EURUSD Price Analysis – 03 June

The resistance level of $1.08 can be broken by buyers, enabling them to get through to the $1.09 and $1.10 barrier levels. If sellers are successful in holding EURUSD below the $1.07 barrier, prices may go below the $1.06 and $1.05 support levels.

EUR/USD Market

Key Levels:

Resistance levels: $1.08, $1.09, $1.10

Support levels: $1.07, $1.06, $1.05

 EURUSD Long-term Trend: Bullish

It is expected that the EURUSD will continue to rise. On December 28, the currency pair lost ground and dropped into the $1.05 range. The bears were no longer as strong. Bulls gained momentum, and the price started to increase. There was a breach in the resistance area between $1.06 and $1.07. It reached its previous high of $1.08. Buyers resisted price decreases below $1.06 as well as the previously indicated level. Since two weeks ago, buyers have increased their asking prices as a result of their increased market power. At this moment, the price is approaching $1.08.

EURUSD Price: Bulls Are Dominating Market

The Hull Suite indicates a predisposition toward a bull market beneath the currency pair. The resistance level of $1.08 can be broken by buyers, enabling them to get through to the $1.09 and $1.10 barrier levels. If sellers are successful in holding the price below the $1.07 barrier, prices may go below the $1.06 and $1.05 support levels.

EURUSD medium-term Trend: Bullish

In the medium term, a turnaround in the EURUSD is anticipated. For the past three weeks, there has been bearish pressure on the currency pair. A double bottom chart pattern appears at $1.08. The price started to rise as it got closer to and eventually over the $1.07 mark. Since crossing above the Hull Suite forex signals, the price has generated enormous bullish candles. The price goes up from $1.06 to $1.08 at this point.

EURUSD Price: Bulls Are Dominating Market

It is currently more expensive than Hull Suite. A stronger bullish trend is indicated by a higher QQE MOD score.

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
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • 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

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *