EURUSD Price May Test Previous High

EURUSD is aiming at $1.20 level

EURUSD Price Analysis – 09 February

If buyers can break through the $1.18 resistance, the price can move up to the $1.19 and $1.20 levels. If sellers are able to keep the price below the $1.17 level, there can be a decline below the $1.16 and $1.15 support levels.

EUR/USD Market

Key Levels:

Resistance levels: $1.18, $1.19, $1.20

Support levels: $1.17, $0.1.16, $1.15

 EURUSD Long-term Trend: Bullish

On the daily chart, a large bullish engulfing candle shows that the price increase started close to $1.15. The price began to rise, and the bulls are continuing to do so. The price began to increase as the upward trend gained momentum. After breaking above the $1.18 barrier, the price continues its upward momentum and reaches the resistance level of $1.20. It is clear that a bearish trend’s lowest point was the prior level. Sellers provide a powerful deterrent to future price increases.

A Range of 1.1792 x 1.1864 Is Anticipated for Today

Today’s range expected 1.1792 x 1.1864, upper level already touched. If breaking, next POC above 1.1920. pic.twitter.com/FIVakVPK8Z

— Trading Range EURUSD (@TraderJJS) February 9, 2026

A range of 1.1792 x 1.1864 is anticipated for today; the upper level has already been touched. Next POC over 1.1920 if breaking.

Additional dealers entered the market as the price got close to $1.20. In an effort to extend the upward trend, the bulls are presently defending the $1.17 level.

The market is inclining in line with the currency signal, according to the Hull Suite. If buyers can break through the $1.18 resistance, the price can move up to the $1.19 and $1.20 levels. If sellers are able to keep the price below the $1.17 level, there can be a decline below the $1.16 and $1.15 support levels.

EURUSD medium-term Trend: Bullish

The EURUSD has been under bullish pressure for the last two days; a bullish engulfing pattern occurs near $1.15; the price begins to incline as it gets closer to $1.18; the positive reversal started when the downward pressure dropped and a double bottom pattern emerged; powerful bullish candles appear.

The price flips from $1.17 to $1.18 when it is above the Hull Suite indicator, and the QQE MOD score also increases.

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