Ixabiso le-EURUSD linoKunyuka ukuya kwi-$ 1.09 iNqanaba lokuchasa 

UAzeez Mustapha

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High bullish momentum in EURUSD market

Uhlalutyo lwexabiso le-EURUSD - 09 kaJanuwari

In case purchasers exert more pressure, I-EURUSD inokwaphuka through the $1.07 resistance level, it can then increase to the $1.09 and $1.10 levels. Should the Bulls are unable to break through the $1.07 resistance level, the price may fall to the $1.06, $1.05, and $1.04 support levels.

EUR / USD Market

Amanqanaba aphambili:

Amanqanaba okumelana: $ 1.09, $ 1.10, $ 1.11

Amanqanaba enkxaso: $ 1.07, $ 1.06, $ 1.05

I-EURUSD yexesha elide iTrend: Bullish

Bullish long-term outlook for EURUSD. The price is still obeying the command from the double-bottom bullish chart pattern formed a few weeks ago. The price increased to the $1.07 resistance level with positive momentum, the prior resistance levels of $1.05, $1.06, and $1.07 were broken higher and now supports. On December 30th, the $1.07 resistance level was tested for the second time. Last week, it pulled back to retest the $1.06 level. Today, buyers dominate the market and the price is trying to penetrate the #1.07 upside.

Buyers are in control of the market and are gaining momentum in the EURUSD market as the price is trading above the 9-period and 21-period EMAs. In case purchasers exert more pressure, the price may break through the $1.07 resistance level, it can then increase to the $1.09 and $1.10 levels. Should the Bulls are unable to break through the $1.07 resistance level, the price may fall to the $1.06, $1.05, and $1.04 support levels.

I-EURUSD yexesha eliphakathi Trend: Bullish

EURUSD has a bullish medium-term outlook. After the short consolidation period in the EURUSD market two weeks ago. The price pulled back and the support level of $1.04 was tested. The buyers defended the mentioned level and it bounces upside. $1.06 and $1.07 levels were broken upside. At the moment, EURUSD is targeting $1.09 level.

The price is trading above the 9- and 21-period exponential moving averages (EMAs). Period 14 of the Relative Strength Index is pointing up at 69 levels, signaling a buy.

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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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