EURUSD Price Retest $1.22 Price Level Before a Bearish Reversal

EUR/USD Market

Key Levels:

Resistance levels: Support levels:

· $1.22 $1.20

· $1.25 $1.19

· $1.27 $1.18

EURUSD Long-term

EURUSD is bullish at the long-time period outlook. A couple of weeks ago, the bears ruled the EURUSD marketplace to the quantity that there has been no provision for the Bulls. The bearish momentum driven down the charge and located aid below $1.18 stage. A bullish engulfing candle emerges on the noted stage and the charge will increase in the direction of the north side. It breaks up resistance stage of $1.18, $1.19 and $1.20.

EURUSD medium-term Trend:

EURUSD is bullish within side the medium-time period outlook. The bulls interrupted the bearish motion that passed off ultimate 3 weeks within side the EURUSD market. The bulls reacted in opposition to bearish fashion on the guide stage of $1.16 rate stage. The rate is growing in the direction of the resistance stage of $1.22.