EURUSD Price Targeting $1.11 Resistance Level

Bulls’ pressure increase

EURUSD Price Analysis –19 August

Buyers have the ability to drive the price higher to the $1.11 and $1.12 barrier levels if they can break through the resistance level at $1.10. Prices may drop below the $1.08 and $1.07 support levels if sellers are successful in keeping the price below the $1.09 barrier.

EUR/USD Market

Key Levels:

Resistance levels: $1.10, $1.11, $1.12

Support levels: $1.09, $1.08, $1.07

 EURUSD Long-term Trend: Bullish

It is anticipated that the EURUSD will go upwards. On April 17, the currency pair gains momentum and moves higher into the $1.09 range. The bears were no longer as strong. Bulls gained momentum, and the price started to increase. There was a break in the resistance area between $1.08 and $1.09. It reached its previous high of $1.09. The purchasers were permitted to raise their offer above the ceiling because they were interested in the acquisition. When buyers applied more pressure to the market, the price increased approaching $1.10. Currently, bulls are putting in a lot of effort to break above $1.10 per share.

The Hull Suite shows that, in comparison to the suggestions for forex signals, the market is still doing well. Buyers have the ability to drive the price higher to the $1.11 and $1.12 barrier levels if they can break through the resistance level at $1.10. Prices may drop below the $1.08 and $1.07 support levels if sellers are successful in keeping the price below the $1.09 barrier.

EURUSD medium-term Trend: Bullish

In the medium term, a turnaround in the EURUSD is anticipated. For the past three weeks, there has been upward pressure on the currency pair. A double bottom chart pattern appears at $1.08. The price started to grow as it got closer to $1.09 and eventually overtook that mark. Since crossing above the Hull Suite signal, the price has generated enormous bullish candles. The sum is rising from $1.07 to $1.10. The price per unit is approaching $1.10.

It is currently more expensive than Hull Suite. Slope tendency is indicated by a lower QQE MOD score.

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