{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-faces-threat-at-1-12060-significant-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-faces-threat-at-1-12060-significant-level\/","headline":"EURUSD Faces Threat at 1.12060 Significant Level","name":"EURUSD Faces Threat at 1.12060 Significant Level","description":"EURUSD Buyers Slip as Sellers Push Back The EURUSD pair has experienced a pause this week after facing resistance, but buyers now face a challenge at the 1.12060 significant level. The EURUSD price had been on a prolonged bullish trend but has recently encountered resistance. EURUSD Significant Levels Resistance Levels: 1.12060, 1.11180 Support Levels: 1.06660, […]","datePublished":"2024-08-28","dateModified":"2024-08-28","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\/08\/ARBUSD-1DAY.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/08\/ARBUSD-1DAY.png","height":580,"width":976},"url":"https:\/\/forexschoolonline.com\/eurusd-faces-threat-at-1-12060-significant-level\/","about":["Article","Article-com","charts","EUR\/USD","Featured Articles","Forex","FX Technical Analysis","Price Action Charts in Focus","Support & Resistance","Technical Analysis","Trade Idea","Trade Setups"],"wordCount":269,"keywords":["Daily Chart","EURUSD","Forex","forex price action","Market Expectation","Price Analysis","Technical Analysis","trading"],"articleBody":"EURUSD Buyers Slip as Sellers Push BackThe EURUSD pair has experienced a pause this week after facing resistance, but buyers now face a challenge at the 1.12060 significant level. The EURUSD price had been on a prolonged bullish trend but has recently encountered resistance.EURUSD Significant LevelsResistance Levels: 1.12060, 1.11180 Support Levels: 1.06660, 1.07620Before the end of last week, buyers managed to break through the 1.11180 significant level. However, sellers have been slowing the buyers’ momentum with each minor advance. The EURUSD market has shown bullish behavior this month, with buyers gaining confidence from the 1.07820 significant level.Following this, bullish confidence peaked. After retesting the 1.08910 market area, the bulls continued to push forward, reaching the 1.12060 level. The Money Flow Index (MFI) indicator suggests that buyers are still in control, and the bulls are gaining ground despite the recent sell-off.The Momentum indicator, although showing a drop, reflects the buyers’ intensity on the daily chart. This indicates that buyers have built significant pressure throughout the month, driving them to persist. A return of bullish expansion seems likely.Market ExpectationDespite this, sellers have gained traction on the 4-hour chart, and the market is currently pulling back, boosting the USD market.For the Euro to strengthen, buyers need to overcome the 1.12060 significant level. The MFI and Momentum indicators suggest that sell pressure is present as the price prepares for a pullback. Traders should monitor forex signals for indications of potential market shifts.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. "}