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EURUSD price may retest $1.0915 level
EURUSD Price Analysis – 11 March
If buyers can break above the $1.0962 resistance level, EURUSD may rise swiftly into the $1.1013 and $1.1080 barrier levels. If sellers manage to hold the price below the $1.0915 barrier, prices may fall to the support levels of $1.0889 and $1.0861
EUR/USD Market
Key Levels:
Resistance levels: $1.0962, $1.1013, $1.1080
Support levels: $1.0915, $1.0889, $1.0861
EURUSD Long-term Trend: Bullish
EURUSD is expected to rise. On December 28, the currency pair loss strength and went down against the $1.11 mark. The bulls were no longer as strong. As bears gained traction, the price started to drop. It broke through the support between $1.088 and $1.101. It dropped to $1.07, its previous low. The price falls below $1.08 due to the demand from market sellers. Since two weeks ago, purchasers have increased their asking prices and gained more clout in the market. The price is currently growing and approaching the $1.0962 threshold.
The market is moving higher, according to the Hull Suite, which is placed underneath the currency pair. If buyers are able to break above the $1.0962 resistance level, the price may rise swiftly into the $1.1013 and $1.1080 barrier levels. If sellers manage to hold the price below the $1.0915 barrier, prices may fall to the support levels of $1.0889 and $1.0861.
EURUSD medium-term Trend: Bullish
In the medium term, a turnaround in the EURUSD is anticipated. For the past three weeks, there has been bearish pressure on the currency pair. A double bottom chart pattern is formed at $1.0694 level. A bullish movement started when the price broke up the resistance level of $1.0915 approaching the resistance level at $1.0962. Ever since the price rise above the Hull Suite signal, it has produced enormous bullish candles. The price is inclining about $1.0962 level.
It is currently more expensive than Hull Suite the best forex signals. A higher QQE MOD value suggests a higher likelihood of the trend continuing.
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