EURUSD Price Analysis – March 14
Should Bulls penetrate the resistance level of $1.09 and daily candle closes above it, then, the price may embark on bullish trend towards the $1.11 and $1.14 resistance levels. On the other hand, inability to break up $1.09 by the bulls may result to consolidation or price decrease towards $1.07, $1.06 and $1.05 support levels.
EUR/USD Market
Key Levels:
Resistance levels: $1.09, $1.11, $1.14
Support levels: $1.07, $1.06, $1.05
EURUSD Long-term Trend: Bearish
On the long term outlook, EURUSD is bearish. The bears’ pressure has pushed the EURUSD to the low of $1.07 support level on March 07. Last week, it looks like bears’ pressure is failing and the bulls wanted to take over the market as the bullish engulfing candle formed. The price increased toward the resistance level of $1.11. It pulled back to retest the support level of $1.09. Today, the buyers are gaining more momentum and the price may increase towards $1.14 level.
EURUSD is trying to penetrate the two EMA upside, the price is trading below the 21 periods EMA and 9 periods EMA at close contact which indicate weak bearish pressure. Should Bulls penetrate the resistance level of $1.09 and daily candle closes above it, then, the price may embark on bullish trend towards the $1.11 and $1.14 resistance levels. On the other hand, inability to break up $1.09 by the bulls may result to consolidation or price decrease towards $1.07, $1.06 and $1.05 support levels.
EURUSD medium-term Trend: Bearish
EURUSD is bearish on the medium-term outlook. The bears are getting tired as the bearish momentum is becoming weak. It seems the price action wanted to form a short “W” chart pattern. The price is increasing trying to penetrate the $1.09 level upside.
The fast moving EMA is below the slow moving EMA and the price is trading above the fast moving EMAs. The Relative Strength Index period 14 is at 53 levels with the signal lines pointing up to indicate a buy signal.
You can purchase Lucky Block here. Buy LBlock:
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
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.
