EURUSD Price Targeting $1.10 Resistance Level

Buyers are dominating EURUSD market

EURUSD Price Analysis – 10 March

Buyers may be able to raise the price to the $1.10 and $1.11 barrier levels if they can overcome the resistance level at $1.09. If sellers can hold the price below the $1.07 barrier, prices may drop below the $1.05 and $1.04 support levels.

EUR/USD Market

Key Levels:

Resistance levels: $1.09, $1.010, $1.11

Support levels: $1.07, $1.05, $1.04

 EURUSD Long-term Trend: Bullish

The bullish trend commenced near the $1.02 level, according to the daily chart’s powerful double bottom pattern formation. The bulls fought the downward trend of the price. The price began to rise as bulls gained strength. A violation of the barrier level occurred between $1.04 and $1.05. Before rising, it tested the most recent support level of $1.03. In order to seal the deal, the buyers prevent offers from exceeding their offer limit. With more purchasers entering the market, the price is rising and getting closer to $1.09. It is currently making great efforts to get past the previously established barrier level.

The market is rising in accordance with the forex signal’s suggestions, according to the Hull Suite. Buyers may be able to raise the price to the $1.10 and $1.11 barrier levels if they can overcome the resistance level at $1.09. If sellers can hold the price below the $1.07 barrier, prices may drop below the $1.05 and $1.04 support levels.

EURUSD medium-term Trend: Bullish

A medium-term bullish reversion was confirmed for the EURUSD. For almost two weeks, there has been bullish pressure on the currency pair. A double bottom chart pattern is observed at $1.02. The price started to rise as it got closer to $1.02; by then, it might have easily bottomed $1.02. Big bullish candles appeared when the price surpassed the Hull Suite signal. Theoretically, the sum may rise from $1.02 to $1.10. Each item’s price is approaching $1.09.

It is currently more expensive than the Hull Suite. An inclining slope is indicated by a higher QQE MOD score.

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