{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-buyers-extend-winning-streak-eyeing-break-above-1-09120-resistance-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-buyers-extend-winning-streak-eyeing-break-above-1-09120-resistance-level\/","headline":"EURUSD Buyers Extend Winning Streak, Eyeing Break Above 1.09120 Resistance Level","name":"EURUSD Buyers Extend Winning Streak, Eyeing Break Above 1.09120 Resistance Level","description":"EURUSD Buyers Extend Bullish Trend EURUSD buyers extend their winning streak, eyeing a break above the 1.09120 resistance level. The currency pair has been witnessing a strong buying trend, with buyers showcasing their resolve and strength by maintaining dominance above the 1.07960 significant level. Buyers have regained their confidence in the past few weeks after […]","datePublished":"2024-07-10","dateModified":"2024-07-10","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/07\/EURUSD-1DAY-.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/07\/EURUSD-1DAY-.png","height":508,"width":1281},"url":"https:\/\/forexschoolonline.com\/eurusd-buyers-extend-winning-streak-eyeing-break-above-1-09120-resistance-level\/","about":["Article","Article-com","charts","EUR\/USD","Featured Articles","Forex","Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Support & Resistance","Technical Analysis","Trade Setups","Trading"],"wordCount":276,"keywords":["Daily Chart","EURUSD","Forex","forex price action","FX Technical Analysis","Market Expectation","Price Analysis","Technical Analysis"],"articleBody":"EURUSD Buyers Extend Bullish TrendEURUSD buyers extend their winning streak, eyeing a break above the 1.09120 resistance level. The currency pair has been witnessing a strong buying trend, with buyers showcasing their resolve and strength by maintaining dominance above the 1.07960 significant level. Buyers have regained their confidence in the past few weeks after sellers had previously pushed the price down to the 1.06630 significant level.EURUSD Significant LevelsResistance Levels: 1.09790, 1.09120Support Levels: 1.07600, 1.06050Above this level, it was a tough battle for traders before buyers eventually emerged victorious. The bulls have managed to move beyond the 1.07600 price level and are now aiming their sights towards the 1.09120 market area. This level has proven to be a challenge for buyers on multiple occasions, but a successful breach of this resistance could provide the euro with strong upward momentum.The Moving Average Crossing has shifted control to the buyers, pushing sellers out of the equation. While the Momentum indicator has shown a drop, buyers remain confident in the overall bullish flow as seen on trading platforms.Market ExpectationIn the shorter time frame, buyers are still focused on pushing the price higher, despite the slight drop in the Momentum indicator. The Moving Average Crossing is still spreading, further reinforcing buyers’ control over the market.A successful breach of this level could provide the euro with strong upward momentum, leading to further gains in the currency pair. Using forex signals can offer additional insights and strategies for navigating this bullish trend.Note: Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not\u00a0 for your investing results."}