The EURUSD attempted to push lower yesterday bottomed at 1.0565 but closed higher at 1.0648 and hit 1.0660 earlier today. The bias is neutral in nearest term probably with a little bullish bias testing 1.0700 region. A clear break and daily close above that area could trigger further bullish pressure testing 1.0800/50 area. Immediate support is seen around 1.0620.
A clear break below that area could trigger further bearish pressure testing 1.0565 area. Overall I remain neutral.
The EURUSD had a bearish momentum yesterday bottomed at 1.0552. The bias is bearish in nearest term but as you can see on my H1 chart below price has been moving sideways inside a range area. On the downside, 1.0550 – 1.0450 region remains a good place to buy with a tight stop loss below 1.0450. Immediate resistance is seen around 1.0630.
A clear break above that area could lead price to neutral zone in nearest term testing 1.0685 – 1.0700 region. Overall I remain neutral.
The EURUSD failed to continue its bearish momentum yesterday topped at 1.0668. The bias is neutral in nearest term. As you can see on my H1 chart below price is moving inside a range area and we need a clear break from the range area to see clearer direction.
A clear break and daily/weekly close above 1.0700 could trigger further bullish pressure testing 1.0850 next week. On the downside, key support remains at 1.0550 – 1.0450 region which is a good place to buy with a tight stop loss. Overall I remain neutral.
The EURUSD had a bearish momentum earlier today in Asian session, hit 1.0504. The bias is bearish in nearest term testing 1.0450 key support. Immediate resistance is seen around 1.0600. A clear break above that area could lead price to neutral zone in nearest term testing 1.0650 region.
From a longer term perspective as you can see on my daily chart below, price is testing the lower line of the range area, which is a good place to buy with a tight stop loss below 1.0450. A clear break and daily close below 1.0450 would activate my bearish mode.
The EURUSD attempted to push lower yesterday bottomed at 1.0504 but whipsawed to the upside and hit 1.0796 in a high volatile market after Italian referendum. Technically, while my major outlook remains neutral, nearest term bias is bullish targeting 1.0850. Immediate support is seen around 1.0690.
A clear break below that area could lead price to neutral zone in nearest term testing 1.0650/00 area.
The EURUSD was corrected lower yesterday bottomed at 1.0698. The bias is neutral in nearest term. Immediate support is seen around 1.0690 – 1.0660 (H1 EMA 200). A clear break below that area could trigger further bearish pressure testing 1.0600 region.
Immediate resistance is seen around 1.0750. A clear break above that area could trigger further bullish pressure testing 1.0800 – 1.0850 region. Overall I remain neutral.
The EURUSD had a moderate bullish momentum yesterday and hit 1.0769 earlier today. As you can see on my H1 chart below, price slipped above a flag formation suggests a potential bullish scenario. The bias is bullish in nearest term testing 1.0850 area. Immediate support is seen around 1.0725 – 1.0700 region.
A clear break below that area could lead price to neutral zone in nearest term testing 1.0650/25 area. Overall I remain neutral.
The EURUSD attempted to push higher yesterday after broke above the flag formation as you can see on my H1 chart below, slipped above 1.0850 but whipsawed to the downside after ECB tapers stimulus program to a €60bn a month, bottomed at 1.0597 and hit 1.0589 earlier today. The bias is bearish in nearest term testing 1.0500 – 1.0450 region which remains a good place to buy with a tight stop loss below 1.0450. Immediate resistance is seen around 1.0650.
A clear break above that area could lead price to neutral zone in nearest term testing 1.0700 region. Overall I remain neutral.
The EURUSD attempted to push higher last week topped at 1.0873 but whipsawed to the downside and closed lower at 1.0557 after ECB tapers stimulus program to a €60bn a month. The bias is bearish in nearest term testing 1.0500 – 1.0450 area which remains a good place to buy with a tight stop loss below 1.0450. Immediate resistance is seen around 1.0600. A clear break above that area could lead price to neutral zone in nearest term testing 1.0650 or higher.
Overall I remain neutral but a clear break below 1.0450 would activate my bearish mode.
The EURUSD had a bullish momentum yesterday topped at 1.0651. The bias is bullish in nearest term testing 1.0690. A clear break and daily close above that area would expose 1.0850 region. Immediate support is seen around 1.0600.
A clear break below that area could lead price to neutral zone in nearest term testing 1.0550/25 region. Overall I remain neutral.
