EURUSD Price May Continue a Bearish Movement After a Pullback

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.

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.

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

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