EURUSD Price Is Heading Towards Previous High at $1.088 Level
Login

EURUSD Price Is Heading Towards Previous High at $1.088 Level

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

EURUSD price may increase further

EURUSD Price Analysis – 04 March

The price may rise quickly into the $1.088 and $1.101 barrier levels if buyers can break over the $1.086 resistance level. Should sellers be successful in keeping the price below the $1.073 barrier, EURUSD might drop to the $1.066 and $1.05 support levels.

EUR/USD Market

Key Levels:

Resistance levels: $1.086, $1.088, $1.101

Support levels: $1.073, $1.076, $1.05

 EURUSD Long-term Trend: Bullish

EURUSD has a positive outlook. The currency pair strengthened and tested the $1.11 barrier on December 28. The bulls had lost their strength. Price began to decline as bears gathered momentum. The barrier between $1.088 and $1.101 was broken. It fell to its prior low of $1.07. The market sellers’ demand causes the price to drop below $1.08. Two weeks ago, buyers have become more dominant in the market and have raised their asking prices. Right now, the price is rising and getting closer to the $1.086 mark.

EURUSD Price Is Heading Towards Previous High at $1.088 Level

The forex signals; Hull Suite, which is situated beneath the currency pair, indicate that the market is heading higher. The price may rise quickly into the $1.088 and $1.101 barrier levels if buyers can break over the $1.086 resistance level. Should sellers be successful in keeping the price below the $1.073 barrier, prices might drop to the $1.066 and $1.05 support levels.

EURUSD medium-term Trend: Bullish

A turnaround in the EURUSD is expected in the medium run. The currency pair has been under bearish pressure for the last three weeks. When the price got close to the resistance level at $1.11, a sell-off began. The price has produced massive bearish candles ever since it fell below the Hull Suite signal. The price is moving away from the $1.073 mark.

EURUSD Price Is Heading Towards Previous High at $1.088 Level

 

Right now, it costs more than Hull Suite. A higher QQE MOD value indicates a greater chance of continued trend.

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

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