{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-buyers-slip-at-the-start-of-the-new-year\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-buyers-slip-at-the-start-of-the-new-year\/","headline":"EURUSD Buyers Slip at the Start of the New Year","name":"EURUSD Buyers Slip at the Start of the New Year","description":"EURUSD Analysis – Bullish Pace Slows Down\u00a0 EURUSD has seen buyers slip at the beginning of the new year. The buyers faced a stumbling block as they were opposed at the significant level of 1.11420. The sellers are now showing serious interest, to break the key level of 1.0070. This can result in either a […]","datePublished":"2024-01-02","dateModified":"2024-01-02","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\/01\/CO1GmaWM.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/01\/CO1GmaWM.png","height":577,"width":1195},"url":"https:\/\/forexschoolonline.com\/eurusd-buyers-slip-at-the-start-of-the-new-year\/","about":["Article","charts","EUR\/USD","Forex","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis"],"wordCount":279,"keywords":["Daily Chart","EURUSD","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis","Price Chart","Technical Analysis"],"articleBody":"EURUSD Analysis – Bullish Pace Slows Down\u00a0EURUSD has seen buyers slip at the beginning of the new year. The buyers faced a stumbling block as they were opposed at the significant level of 1.11420. The sellers are now showing serious interest, to break the key level of 1.0070. This can result in either a further plunge or a rebound by the buyers in this new year.EURUSD Key levelsResistance Levels: 1.12780, 1.11420\u00a0Support Levels: 1.07230, 1.05310\u00a0In December, the Bulls finished with a strong performance. However, throughout 2023, the EURUSD price experienced different fluctuations at various intervals. The bulls initiated their pressure at certain points, but sellers also exerted their influence. The buyers regained strength after consolidation at a significant level of 1.05310 in October. From this key level, the euro began to gain more strength against the US dollar. Towards the end of 2023, the buyers pushed the price up to the significant zone of 1.11420.As the year 2024 unfolds, buyers may be more optimistic than ever before. However, the US dollar is gradually regaining ground against the euro at the start of the year. The Relative Volatility Index (RVI) may intensify the cancellation of buyers’ volatility for a while. The Money Flow Index signal line is still in the positive region, indicating some buying pressure.Market ExpectationThe buyers will certainly need to gain more intensity for a solid breakthrough. Although the buyers face challenges at the moment, their optimism and potential for increased intensity may lead to a solid breakthrough in the future.Note:\u00a0Forexschoolonline.com\u00a0is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results"}