EURUSD Price May Rise to $1.18 Point

Buyers’  momentum is not decreasing

EURUSD Price Analysis – 08 September

Buyers may be able to raise the price to the $1.18 and $1.19 barrier levels if they can overcome the resistance level at $1.17. If sellers can hold the price below the $1.16 barrier, prices can drop below the $1.15 and $1.14 support levels.

EUR/USD Market

Key Levels:

Resistance levels: $1.17, $1.18, 1.19

Support levels: $1.16, $1.15, $1.14

 EURUSD Long-term Trend: Bullish

The daily chart’s big bullish engulfing candle shows that the rising trend started at $1.14. The bears are against the price trend. The price began to rise as bulls gained strength. It broke the $1.15 barrier. As the upward trend gained momentum, the price was approaching the $1.17 barrier. The level that had been earlier highlighted was clearly the bottom of a negative trend. To ensure the purchase, the purchasers stopped offers from falling below their lower limit. More buyers entered the market as the price sank and approached $1.16. At the moment, bulls are defending the $1.17 barrier level. At the moment, it is making every effort to maintain the positive trend.

According to the recommendations of the forex signal, the market is inclining, according to the Hull Suite. Buyers may be able to raise the price to the $1.18 and $1.19 barrier levels if they can overcome the resistance level at $1.17. If sellers can hold the price below the $1.16 barrier, prices can drop below the $1.15 and $1.14 support levels.

EURUSD medium-term Trend: Bullish

A medium-term bullish reversion was confirmed for the EURUSD. For almost two weeks, there has been positive pressure on the currency pair. A bullish engulfing candle pattern is shown at $1.14. The price started to rise as it got closer to $1.16. When the double top chart pattern appeared and the upward momentum paused, bullish reversion began. Big bullish candles appeared when the price was above the Hull Suite signal. The sum increased to $1.17 from $1.14. The price per item is $1.17.

It is currently more expensive than the Hull Suite. A rising slope is indicated by a lower QQE MOD score.

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