EURUSD Price May Continue a Bearish Movement After a Pullback

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.


Sellers’ momentum may increase in EURUSD market

EURUSD Price Analysis – 19 February

The price can rise quickly into the $1.066 and $1.05 barrier levels if sellers are successful in breaking through the $1.073 support level. EURUSD can move up to the resistance levels of $1.088 and $1.101 if buyers can keep the price above the $1.081 barrier.

EUR/USD Market

Key Levels:

Resistance levels: $1.081, $1.088, $1.101

Support levels: $1.073, $1.066, $1.05

 EURUSD Long-term Trend: Bearish

The prognosis for the EURUSD is bleak. The currency pair strengthened and moved past the $1.11 barrier level 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 violated. It fell to its previous low of $1.081. The market sellers’ demand causes the price to drop below $1.08. Sellers have lowered their pricing and taken control of the market for the last three weeks. Right now, the price is dropping and getting closer to $1.073.

EURUSD Price May Continue a Bearish Movement After a Pullback

The Hull Suite, which is situated above the currency pair, indicates that the market is moving lower. The price can rise quickly into the $1.066 and $1.05 barrier levels if sellers are successful in breaking through the $1.073 support level. Prices can move up to the resistance levels of $1.088 and $1.101 if buyers can keep the price above the $1.081 barrier. Join best forex signals telegram.

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 pulling back from the $1.0737 level.

EURUSD Price May Continue a Bearish Movement After a Pullback

Right now, it costs more than Hull Suite. Further tendency may be more likely because the QQE MOD has a value greater than zero.

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 *