EURUSD Price: Buyers May Dominate Market

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



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

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


The L2T Algo provides highly profitable signals with minimal risk.


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


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


79% Success rate. Our outcomes will excite you.


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


Monthly subscriptions begin at £58.

Bullish momentum may increase in EURUSD market

EURUSD Price Analysis – 06 March

In case Bulls are able to break above the $1.07 resistance level, the price may rise to the $1.09, and $1.10 resistance levels. If sellers exert more pressure, EURUSD may move past the $1.06 support level and hit the $1.04 and $1.03 levels.

EUR/USD Market

Key Levels:

Resistance levels: $1.07, $1.09, $1.10

Support levels: $1.06, $1.04, $1.03

EURUSD Long-term Trend: Bearish

EURUSD is bearish on the Long-term outlook. The bullish momentum that commenced last year in November has placed the currency pair at a $1.10 resistance level on 02 February. It seems the barrier at $1.10 is stronger than the bulls’ strength. The price pulled back and broke down the support level of $1.07, and the $1.06 level experienced a fake breakout. At the moment, the price is increasing gradually, meaning that, buyers are gaining more strength.

 Buyers are gradually taken over the EURUSD market as it is currently trading above both the 9- and 21-period EMAs. As the price of the EURUSD inclines above the two EMAs, buyers are in control of the market and are picking up steam. In case Bulls are able to break above the $1.07 resistance level, the price may rise to the $1.09, $1.10 resistance levels. If sellers exert more pressure, the price may move past the $1.06 support level and hit the $1.04 and $1.03 levels.

EURUSD medium-term Trend: Bullish

EURUSD is bullish in the medium-term outlook. Last week, the currency pair was under the sellers’ momentum. The price was falling from the resistance level of $1.10. The support level of $1.06 was tested. At the moment, it seems the bulls are returning to the market with increased momentum. Buyers may dominate the market this week.

The price is now increasing and is currently looking for the $1.07 resistance level. The Relative Strength Index for period 14 is pointing up at 62 levels and is indicating a buy signal.  The 9- and 21-period exponential moving averages of the EURUSD are being traded above (EMAs).

You can purchase crypto coins here. Buy LBLOCK

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

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 *