EURUSD Price May Experience Bearish Reversal

Bulls’ pressure is decreasing

EURUSD Price Analysis –26 August

If buyers can break through the resistance level at $1.12, they can push the price higher to the $1.13 and $1.14 barrier levels. If sellers are successful in holding the price below the $1.10 barrier, prices may go below the $1.09 and $1.08 support levels.

EUR/USD Market

Key Levels:

Resistance levels: $1.12, $1.13, $1.14

Support levels: $1.11, $1.10, $1.09

 EURUSD Long-term Trend: Bullish

It’s expected that the EURUSD will increase. The currency pair picks up steam on April 17 and climbs into the $1.09 region. The bears had lost their strength. The price began to rise as bulls gained traction. The resistance zone between $1.09 and $1.10 was broken. It hit $1.11, its previous high. Because they were interested in the transaction, the buyers were allowed to increase their offer above the ceiling. As more purchasers put pressure on the market, the price rose to about $1.12. Bulls are working hard right now to break above $1.12 per share.

The Hull Suite demonstrates that the market is still performing well when compared to the recommendations for forex signals. If buyers can break through the resistance level at $1.12, they can push the price higher to the $1.13 and $1.14 barrier levels. If sellers are successful in holding the price below the $1.10 barrier, prices may go below the $1.09 and $1.08 support levels.

EURUSD medium-term Trend: Bullish

A turnaround in the EURUSD is expected in the medium run. The currency pair has been under upward pressure for the last three weeks. At $1.08, a double bottom chart pattern emerges. As the price approached $1.09 and then surpassed it, it began to rise. The price has produced massive bullish candles ever since it crossed over the Hull Suite signal. The amount is increasing to $1.12 from $1.07. The unit cost is getting close to $1.12.

Right now, it costs more than Hull Suite. A lower QQE MOD score indicates a slope inclination.

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