{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-positive-trend-suggests-breakthrough\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-positive-trend-suggests-breakthrough\/","headline":"EURUSD Positive Trend Suggests Breakthrough","name":"EURUSD Positive Trend Suggests Breakthrough","description":"EURUSD Analysis – Buyers are Seeking a Breakthrough EURUSD positive trend suggests a breakthrough. The EUR\/USD pair is currently on the verge of reaching another significant market level. The buyers have shown resilience, and their efforts have been strengthening particularly the previous day. They have managed to build a stronger defense against the selling pressure. […]","datePublished":"2023-12-26","dateModified":"2023-12-26","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\/2023\/12\/T7IBanpK.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/12\/T7IBanpK.png","height":557,"width":1281},"url":"https:\/\/forexschoolonline.com\/eurusd-positive-trend-suggests-breakthrough\/","about":["Article","charts","EUR\/USD","Forex","Forex Strategies","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis"],"wordCount":298,"keywords":["Daily Chart","EUR\/USD","EURUSD","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Market Prospect","Price Action","Price Analysis","Price Chart","Technical Analysis","USDJPY"],"articleBody":"EURUSD Analysis – Buyers are Seeking a BreakthroughEURUSD positive trend suggests a breakthrough. The EUR\/USD pair is currently on the verge of reaching another significant market level. The buyers have shown resilience, and their efforts have been strengthening particularly the previous day. They have managed to build a stronger defense against the selling pressure. The presence of an engulfing candlestick, wherein the bullish candle overshadows the bearish candle. This indicates the intention of the bulls to move the price higher.EURUSD Market LevelsResistance Levels: 1.10400, 1.12780Support Levels: 1.07230, 1.04450If the EURUSD successfully breaks through the significant level at 1.101400, it could potentially rise with the support of bullish strength. It’s worth noting that buyers were initially rejected at this key level in early December, which resulted in a breakdown to the 1.07230 significant level. However, the buyers responded well and showed determination to push the price higher thereafter.The last week of the year will provide further insights into whether the buyers are committed to a solid revival. Market traders are anticipating that the price will surpass 1.10400 and potentially reach the key level at 1.2000.The bullish strength is gradually gaining confidence, as indicated by the increasing strength of the Relative Volatility Index (RVI) The same goes for the upward movement of the price Oscillator indicator. These factors suggest that the bulls may be developing a stronger resolve to push the price higher.Market ExpectationBefore the year comes to an end, buy traders are hopeful of achieving more gains. It will be essential to monitor the price action to determine whether the bullish momentum can be sustained.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"}