EURUSD Price Is Pulling Back to Retest

EURUSD Price Is Pulling Back to Retest as seen by FxPremiere.com Forex Signals Live News

EURUSD Price Analysis – January 25

In case the Bulls maintain their momentum and push up the price to break $1.22 levels, then, $1.23 and $1.25 may be reached. In case the bears defend the resistance level of $1.22 with an increase in bearish momentum, the price may reverse and face the support levels at $1.20, $1.19, and $1.17.

EURJPY Price Experiences a Bullish Breakout

EUR/USD Market

Key Levels:

Resistance levels: $1.22, $1.23, $1.25
Support levels: $1.20, $1.19, $1.17

EURUSD Long-term Trend: Bullish

Forex Signals EURUSD Price Hits Resistance

EURUSD is bullish on the long-term outlook. The bears pushed the price to the support level of $1.20 last week. The bears’ momentum failed with the formation of the Morning star chart pattern. The chart pattern produced is a bullish reversal pattern and the price increases to break up the dynamic resistance levels currently targeting the $1.22 level.

EURUSD Price Is Pulling Back to Retest

EURUSD has penetrated the two EMAs upside by the bulls’ pressure and the price is trading above the 9 periods EMA and the 21 periods EMA. In case the Bulls maintain their momentum and push up the price to break $1.22 levels, then, $1.23 and $1.25 may be reached. In case the bears defend the resistance level of $1.22 with an increase in bearish momentum, the price may reverse and face the support levels at $1.20, $1.19, and $1.17. The Relative Strength Index period 14 is above 60 levels with the signal line pointing up to indicate a buy.

The EURUSD Price Will Resistance Level at $1.20 Holds

EURUSD medium-term Trend: Bearish

EURUSD is bullish on the long-term outlook. The bears were in control of the Trading EUR/USD market last week. The currency pair decreased and found support at $1.20 on January 18. The price could not break down the support level of $1.20. The bulls gather more momentum and change the direction of price by increasing towards the resistance level of $1.22.

EURUSD medium-term Trend EURUSD Price Is Pulling Back to Retest

The price is trading above the 9 periods EMA and 21 periods EMA and the Relative Strength Index period 14 is above 60 levels pointing up to indicate a further price increase.

EURUSD Price Is Pulling Back to Retest