{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-positive-gain-persists\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-positive-gain-persists\/","headline":"EURUSD Positive Gain Persists","name":"EURUSD Positive Gain Persists","description":"EURUSD Buyers Target 1.11570 Key Level for Breakout EURUSD price continues its upward momentum, with forecasts suggesting further gains up to the 1.11570 key level this week. This is largely due to the recent positive response from the Momentum indicator. Buyers have regained strength after bouncing off the 1.10070 key level, following a decline initiated […]","datePublished":"2024-09-18","dateModified":"2024-09-18","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\/09\/EURUSD-1DAY-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/09\/EURUSD-1DAY-1.png","height":458,"width":1195},"url":"https:\/\/forexschoolonline.com\/eurusd-positive-gain-persists\/","about":["Article","Article-com","charts","EUR\/USD","Featured Articles","Forex","FX Technical Analysis","Price Action Charts in Focus","Support & Resistance","Technical Analysis","Trade Idea"],"wordCount":294,"keywords":["Daily Chart","EURUSD","Forex","forex price action","FX Technical Analysis","Market Expectation","Price Action","Price Analysis","Price Chart","Technical Analysis","trading"],"articleBody":"EURUSD Buyers Target 1.11570 Key Level for BreakoutEURUSD price continues its upward momentum, with forecasts suggesting further gains up to the 1.11570 key level this week. This is largely due to the recent positive response from the Momentum indicator. Buyers have regained strength after bouncing off the 1.10070 key level, following a decline initiated by the bears from the 1.12060 significant zone last month.EURUSD Key LevelsResistance Levels: 1.11570, 1.12060 Support Levels: 1.09060, 1.06660 The 1.11570 key level is currently acting as the resistance that buyers are focused on breaking. The 1.10070 level has previously served as a support area for the bulls. If buyers fail to sustain their momentum, the 1.12060 zone could also act as a resistance barrier.In the long-term outlook, buyers seem to have the upper hand, as they aim to break through the 1.11570 market area. With the Momentum indicator showing a recent increase, there is a strong chance of a breakout for the bulls.The Relative Strength Index (RSI) is also rising in response to the buyers’ push on the daily chart. The buyers remain committed to the bullish trend in the long-term time frame, and with consistent upward pressure, a breakout could be on the horizon.Market ExpectationWhile the RSI has reached its peak on the 4-hour chart, the Momentum indicator is currently showing a slight decline in the short-term time frame. Buyers will need to gather more strength to break through the 1.11570 key level.With a consistent pull from the buyers, the market could soon see a breakthrough at the 1.11570 key level. Utilizing reliable forex signals could help traders navigate this potential breakout scenario.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."}