EURUSD Price Is Targeting $1.13 Resistance Level

Azeez Mustapha

Updated:

UNLOCK DAILY FOREX SIGNALS

Select a Plan

£40

 1-month subscription

Select

£30

 3-month subscription

Select

£21.5

 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.


Buyers’ momentum increases in EURUSD market

EURUSD Price Analysis – 17 July

The price may rise significantly more toward the $1.14 and $1.15 barrier levels if buyers are successful in breaking through the $1.13 resistance level. If the $1.13 resistance level is successfully held by sellers, the price may decline in the direction of the $1.11, $1.10, and $1.09 support levels.

EUR/USD Market

Key Levels:

Resistance levels: $1.13, $1.14, $1.15

Support levels: $1.11, $1.10, $1.09

 EURUSD Long-term Trend: Bullish

EURUSD is bullish on the long-term outlook. The price movement has formed an upward channel on the daily chart. This pattern on the chart is an example of a bullish continuation pattern. Ever since the currency pair reached a support level at $1.04 on May 3, the bulls have been in control. Numerous bullish candles appeared when the price deviated from the forecasted level. At $1.09, the price overcame previous resistance levels. Currently, the price is rising near the $1.13 level.

The fact that the EURUSD is presently trading above the EMAs suggests that the bulls are making progress. The price may rise significantly more toward the $1.14 and $1.15 barrier levels if buyers are successful in breaking through the $1.13 resistance level. If the $1.13 resistance level is successfully held by sellers, the price may decline in the direction of the $1.11, $1.10, and $1.09 support levels.

EURUSD medium-term Trend: Bullish

EURUSD is bullish on the medium-term outlook. The past four weeks have seen an upsurge in the merchants’ enthusiasm. The EURUSD market is under the leadership of bulls. The price rises as a result of the bears failing to penetrate the $1.07 support level. The $1.10 level had a chance of moving up to the $1.11 level. Bulls successfully held the $1.09 support level, and the price is now moving upward.

The price position above the two moving averages indicates an upward trend. The Relative Strength Index period 14 signal lines are rising and showing a buy signal at levels 74

You can purchase Lucky Block here.  Buy LBLOCK

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • 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
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 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 *