EURUSD decrease further below $1.08 support level
EURUSD Price Analysis – 10 June
Buyers can break through to the $1.10 and $1.11 barrier levels if they can break through the resistance level of $1.09. EURUSD may drop below the $1.07 and $1.06 support levels if sellers are successful in keeping the price below the $1.08 barrier.
EUR/USD Market
Key Levels:
Resistance levels: $1.09, $1.10, $1.11
Support levels: $1.08, $1.07, $1.06
EURUSD Long-term Trend: Bearish
It is anticipated that the EURUSD will pull back. The currency pair gain ground on April 17 and rise into the $1.09 region. The bears had lost their strength. The price began to rise as bulls gained traction. Between $1.08 and $1.09, there was a break in the resistance area. It hit $1.09, its previous high. Buyers’ momentum became weak and could not break up the just mentioned level. Sellers gained pressure and push price towards $1.08 level. Right now, the cost is getting close to $1.08.
The Hull Suite suggests that there is a likelihood of a bearish market below the forex signals indicator. Buyers can break through to the $1.10 and $1.11 barrier levels if they can break through the resistance level of $1.09. Prices may drop below the $1.07 and $1.06 support levels if sellers are successful in keeping the price below the $1.08 barrier.
EURUSD medium-term Trend: Bearish
A turnaround in the EURUSD is expected in the medium run. The currency pair has been under bullish pressure for the last two weeks. At $1.08, a double top chart pattern emerges. As the price approached and then surpassed the $1.07 threshold, it began to decrease. The price has produced massive bearish candles ever since it crossed over the Hull Suite signal. At this time, the price decreases from $1.08 to $1.07 level.
Right now, it costs less than Hull Suite. A lower QQE MOD score indicates a stronger bearish trend.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.