{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-may-experience-a-run-after-a-pullback\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-may-experience-a-run-after-a-pullback\/","headline":"EURUSD May Experience a Run After a Pullback","name":"EURUSD May Experience a Run After a Pullback","description":"EURUSD Analysis – Buyers Still Plan for a Comeback\u00a0 EURUSD may experience a potential run after a pullback. Traders have been closely monitoring the price movements, particularly after a pullback from the bearish trend. The key level at 1.08750 has been holding, creating a market zone that is eagerly anticipated to be breached or retested […]","datePublished":"2024-03-19","dateModified":"2024-03-19","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\/03\/5BICECTg.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/03\/5BICECTg.png","height":577,"width":1195},"url":"https:\/\/forexschoolonline.com\/eurusd-may-experience-a-run-after-a-pullback\/","about":["charts","EUR\/USD","Forex","Forex Strategies","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis","Trade Idea","Trading"],"wordCount":344,"keywords":["Daily Chart","EUR\/USD","EURUSD","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis","Price Chart","Technical Analysis"],"articleBody":"EURUSD Analysis – Buyers Still Plan for a Comeback\u00a0EURUSD may experience a potential run after a pullback. Traders have been closely monitoring the price movements, particularly after a pullback from the bearish trend. The key level at 1.08750 has been holding, creating a market zone that is eagerly anticipated to be breached or retested for a potential bullish continuation. Despite the recent struggles faced by buyers, there are indications that the EURUSD may regain its momentum and make a strong comeback.\u00a0EURUSD Key LevelsResistance Levels: 1.09860, 1.11370Support Levels: 1.07960, 1.06970The EURUSD pair has been experiencing a bearish trend, with the price level holding at the key level of 1.08750. This level has proven to be significant, as it has acted as a strong support and resistance level in the past. The recent pushback from the sellers around this level indicates their intention to lead a breakthrough. However, despite this temporary setback, the overall outlook for the EURUSD remains promising.\u00a0Buyers have shown resilience in the face of the bearish trend, especially since February, when they managed to breach the significant level of 1.07960. Their efforts were rewarded as the price increased to the key level of 1.09860. Although the market experienced a pullback last week, the buyers’ determination suggests that they are ready to regain control and push the price higher.\u00a0The Parabolic SAR (Stop and Reverse) helps identify potential reversals in price movements. It is currently aligning its direction in favor of the bulls. This implies that buyers are likely to pick up the pace very soon.Market Expectation\u00a0On the 4-hour chart, the price is consolidating above the key zone of 1.08750. This consolidation indicates a period of indecision in the market, with both buyers and sellers vying for control. Additionally, the Stochastic Oscillator, a momentum indicator, remains in oversold territory. This suggests that the buyers will need to gather strength to overcome the selling pressure.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"}