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EUR is a currency of the european nation while USD is a currency of USA country . These currencies are used by local of each nation to conduct their daily transactions as well as by foreign to determine the pricing of different product which are then converted to their local pricing. On Monday the 14th of September, one EUR started trading at around 1.18320. The price was able to rise as high as 1.9000 the next day but slightly dropped to around 1.18300 on Tuesday the same day. On Wednesday the same week, the price again rose to around 1.18700There is the possibility of the price to continue rising to around 1.1950 if sellers exceed buyers . This can be explained in terms of traders behaviour as follows;

Traders behaviour

EUR/USD currency is a stable paired currency and is thus being well tradeable by different traders from all over the world. Both buyers as well as sellers can easily profit from its upward and downwards movement. When the market for this paired currency is moving upwards,that will be an indication that the sellers are more than buyers while when the market for this paired currency is moving downwards,that will be an indication that the buyers are more than the sellers. Since the market is now bearish after being bullish on Monday and Tuesday,this can be explained as from below;

1. EUR/USD bullish price analysis based on traders behaviour.

In a bullish market,the EUR/USD market will be moving in an upwards direction. On Monday the 14th of September, one EUR started trading at around $1.18320. On Tuesday the same week, the price managed to rise as high as 1.9000 but later slightly dropped to around $1.18300 on Tuesday the same week. This market movement is being indicated as from the candle sticks chart below;

The above is the market for EUR/USD currency. There are two points being indicated. There is A and B. Before point A,the market can be seen to be moving upwards to 1.19000 from its lower price of around 1.18320 on Monday. At 1.9000 ,there are more buyers placing their buy positions in the hope that the market will continue moving upwards. This causes the market to experience an overbought condition where it resist to continue moving upwards and instead reverse and starts moving downwards to point A at around 1.18300. At point A ,there buyers who were previously holding their bought positions are starting to close their previously bought position and beginning to open a sell position in the hope that the market will continue moving downwards. This causes the market to again experience an oversold position where it reverse and begins to move upwards to point B at around 1.18700. If the sellers will continue to place their sell positions ,then there is possibility of the market to continue moving upwards. If you are in the long position,then you can continue holding your position until it reaches around 1.19000 so that you can exit and open a sell position since from there the market will begin to move downwards. Always make sure to apply risk management because the market punishes greedy traders.

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Today being Tuesday the 1st of september,the total volume for the crypto market is at around $92,620,600,000. Out of this volume, USDT which is a stable coin based on ethereum network leads the daily volume at around $38.822 billion followed by bitcoin with a 24 hour volume of around $23.431 billion while Ethereum comes third with a trading volume of around $17.348 billion. EOS and bitcoin cash tightly follows each other with a trading volume of $2.593 billion and $2.526 billion respectively while litecoin comes 6th with a trading volume of around $2.466 billion. XRP and tron follows each other with a trading volume of $1.899 billion and $1.253 billion respectively while chainlink comes at number 9 with a trading volume of around $1.119 billion. NEO closes our list for top ten coins today with a trading volume of around $764.785 million. Will all these coins continue to lead our list for top ten coins with highest trading volume or will they be overtaken by other coins? Some key coins like bitcoin and ethereum as well as stable coin like USDT will continue to lead our top ten coins since they are highly tradeable against other coins. In the coming days,some new coins will join our top ten list. This is being indicated as from below;

The above is our top ten coins by trading volume. From the list,USDT can be seen to be on the leading at a price of $1.00 and with a daily price change of +0.2% followed by bitcoin at a price of $11,907.47 with a daily price change of +2.5%. Ethereum and EOS follows each other at a price of $462.27 and $3.32 with a price change of +9.9% and +3.4% respectively while bitcoin cash comes 5 at a price of $282.13 and a price change of +2.8%. Litecoin comes at number 6 at a price of $62.96 and a price change of +2.8% while XRP and TRON follows each other at a price of $0.294 and $0.0298 with a price change of 5.2% and 14.8% respectively. Chainlink comes at number 9 at a price of $16.38 and with a price change of 0.8% while NEO closes our list at a price of $20.88 and with a price change of 2.0%. Will the price of these top ten coins in terms of volume continue to increase or will their price change become negatively. Different coins will have different volume change based on the volume traded on different exchanges. When buyers of a different coin are more than sellers, then the price change will be negative since that coin will move downwards while when the sellers of a certain coin are more than the buyers,then the price change for that coin will be positive since the market for that coin will move upwards.

To receive our post directly to your telegram, then you can join our telegram channel from below

t.me/TeacherForexSchool

You can also join our telegram group to be able to comment on our channel post or support us over there .You can as well share your trading idea and market idea for both fiat and cryptocurrency and be able to be supported by other community member over there on the group with crypto. Here is the link to our telegram group

https://t.me/joinchat/DUNfZg9fTQttyxxGuNKAbg

You are always free to support our work from below;

skrill donation :[email protected]

Neteller donation :[email protected]

Bitcoin:3AFeiwUp6erj2iRBmdsnc7YhC7gcYVD6oj

Ethereum; 0x346570c491b76c7cd51699bdd272762111b743a9

Litecoin: LeEH7B82ccXJ6QoibCryGJNpDGNx2x77fL

Dogecoin: DLShs2vqhMc1ggqo8MPPMBTcPAZdqCZoWd

lightning network:tipping.me:https://tippin.me/@quintomudigo

XRPtIPBOT: in all platform: username is: quintomudigo

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