The EURUSD had a bearish momentum last week bottomed at 1.1233. The bias is bearish in nearest term testing 1.1200 – 1.1150 area.
Immediate resistance is seen around 1.1335. A clear break and daily close above that area could lead price to neutral zone in nearest term as direction would become unclear retesting 1.1500 region.
The EURUSD was indecisive yesterday. The bias is neutral in nearest term but as long as stay below 1.1335 I still prefer a bearish scenario at this phase.
Immediate support is seen around 1.1275. A clear break below that area could trigger further bearish pressure testing 1.1200 region. On the upside, a clear break and daily close above 1.1335 would be a threat to the bearish scenario retesting 1.1500 area. My major technical outlook remains neutral.
The EURUSD attempted to push higher yesterday topped at 1.1397 but whipsawed to the downside and closed lower at 1.1286. The bias is bearish in nearest term testing H4 EMA 200 located around 1.1250 as you can see on my H4 chart below.
A clear break and daily/weekly close below that area could trigger further bearish pressure next week testing 1.1065 area. Immediate resistance is seen around 1.1325.
A clear break above that area could lead price to neutral zone in nearest term testing 1.1400 region. My major technical outlook remains neutral.
The EURUSD attempted to push higher yesterday topped at 1.1339 but closed lower at 1.1295. The bias is neutral in nearest term. Immediate resistance is seen around a trend line resistance located around 1.1350/70 area as you can see on my H4 chart below.
A clear break and daily close above that area could trigger further bullish pressure testing 1.1500 region. Immediate support is seen around 1.1250 (H4 EMA 200).
A clear break and daily close below that area could trigger further bearish pressure testing 1.1150 before testing 1.1065. My major technical outlook remains neutral.
The EURUSD was indecisive yesterday. Price attempted to push higher, topped at 1.1361 but closed lower at 1.1319 after touched my trend line resistance as you can see on my H4 chart below. The bias remains neutral in nearest term. Immediate support is seen around 1.1250.
A clear break and daily close below that area could trigger further bearish pressure testing 1.1150 before testing 1.1065. Immediate resistance is seen around 1.1361 (yesterday’s high). A clear break and daily close above that area could trigger further bullish pressure testing 1.1500 region.
My major technical outlook remains neutral and from a daily chart perspective we have some potential strong resistances between 1.1500 – 1.1700 area.
The EURUSD had another indecisive movement yesterday but overall still able to maintain its bullish intraday bias and still print higher lows and highs. The bias is bullish in nearest term. As you can see on my H4 chart below, price is now struggling around the trend line resistance.
A clear break above the trend line resistance and 1.1370 could trigger further bullish pressure testing 1.1500 area. Immediate support is seen around 1.1300. A clear break below that area could lead price to neutral zone in nearest term testing 1.1250 area.
My major technical outlook remains neutral and from a daily chart perspective we have potential strong resistances between 1.1500 – 1.1700 region.
The EURUSD continued its bullish momentum yesterday topped at 1.1536. The bias remains bullish in nearest term testing 1.1600 area. As you can see on my daily chart below, we have a bullish channel indicates a clear and smooth bullish phase. H
owever, like I said yesterday, we have potential good/strong resistances between 1.1500 – 1.1700 and selling near the upper line of the bullish channel and 1.1700 is not a bad idea, targeting the lower line of the bullish channel.
Immediate support is seen around 1.1490. A clear break below that area could lead price to neutral zone in nearest term testing 1.1450 region.
The EURUSD attempted to push higher yesterday topped at 1.1616 but whipsawed to the downside and closed lower at 1.1495, formed a shooting star candle stick formation as you can see on my daily chart below. The bias is bearish in nearest term testing 1.1400 area.
Immediate resistance is seen around 1.1550. A clear break above that area could lead price to neutral zone in nearest term retesting 1.1616.
Overall price is still in a bullish phase, but the upper line of the bullish channel and 1.1700 region remains a good place to sell targeting the lower line of the bullish channel and the appearance of the shooting star formation might give us a valid warning of potential bearish pullback.
The EURUSD had a bearish momentum yesterday bottomed at 1.1385. The shooting star formation I showed you on Wednesday gave us a valid signal of a bearish pullback. The bias is bearish in nearest term testing 1.1275 region.
Immediate resistance is seen around 1.1450. A clear break above that area could lead price to neutral zone in nearest term testing 1.1500 region.
