The EURUSD was corrected lower yesterday bottomed at 1.1650. That is a normal corrective movement and overall we remain bullish. The bias is bearish in nearest term testing 1.1640 – 1.1580 support area which is a good place to buy with nearest target seen around 1.1875. Immediate resistance is seen around 1.1712.
A clear break above that area could lead price to neutral zone in nearest term retesting 1.1776 region. On the downside, a clear break and daily/weekly close below 1.1580 and the trend line support would signal further bearish correction and activate the neutral mode.
The EURUSD continued its bullish momentum last week topped at 1.1776. The bias is bullish in nearest term. We have an inside bar formation as you can see on the daily chart above. We are expecting a breakout above the “mother bar” targeting 1.1875 – 1.2000 area this week.
On the downside, a clear break below the “mother bar” (1.1650) could trigger further bearish correction testing 1.1580 region which is a good place to buy with a tight stop loss as a clear break and daily close below 1.1580 would interrupt the bullish trend and activate the neutral mode.
As expected, the EURUSD broke above the “mother bar” yesterday as you can see on daily chart above, topped at 1.1845. The bias remains bullish in nearest term testing 1.1875 before targeting 1.2000 key resistance. Immediate support is seen around 1.1775.
A clear break below that area could lead price to neutral zone in nearest term testing 1.1725 support area but overall we remain bullish and any downside pullback should be seen as a good opportunity to buy and only a clear break below 1.1650 would interrupt the bullish outlook.
The EURUSD was corrected lower yesterday bottomed at 1.1785. Price is still moving strongly above the trend line support and EMA 200 as you can see on the H1 chart above suggests a clear and valid bullish trend. The bias is neutral in nearest term probably with a little bearish bias testing 1.1775 – 1.1720 support area which is a good place to buy.
Immediate resistance is seen around 1.1875. A clear break and daily close above that area would expose 1.2000 key resistance. Overall we remain bullish and only a clear break back below 1.1650/00 and the trend line support could interrupt the bullish outlook and activate the neutral mode.
The EURUSD continued its bullish momentum yesterday topped at 1.1910 but closed a little bit lower at 1.1855. The bias is neutral in nearest term but overall we remain bullish. As you can see on H1 chart above, we have a bearish pin bar formation suggests a potential bearish correction testing 1.1775 – 1.1720 support area which is a good place to buy.
Immediate resistance is seen around 1.1910 (yesterday’s high). A clear break and daily close above that area would expose 1.2000 key resistance. On the downside, only a clear break below 1.1650 would interrupt the bullish outlook and favor neutral mode.
The EURUSD was indecisive yesterday. The bias remains neutral in nearest term but overall I remain bullish targeting 1.2000 key resistance. We have a bearish pin bar on H4 chart as you can see on my H4 chart below suggests a potential bearish correction movement testing 1.1775 – 1.1720 support area which remains a good place to buy.
Immediate resistance is seen around 1.1910. A clear break above that area could trigger further bullish pressure testing 1.2000. On the downside, only a clear break below 1.1650 would interrupt the bullish outlook and activate my neutral mode.
The EURUSD attempted to push higher last week topped at 1.1910 but whipsawed to the downside and closed lower at 1.1770. The bias is bearish in nearest term but 1.1775 – 1.1720 area remains a good place to buy targeting 1.2000 region and only a clear break back below 1.1650 could interrupt the bullish outlook.
Immediate resistance is seen around 1.1830. A clear break above that area could lead price to neutral zone in nearest term retesting 1.1910 region. On the downside, a clear break below 1.1650 would activate my neutral mode as direction would become unclear.
The EURUSD didn’t make significant movement yesterday. The bias is neutral in nearest term but overall I remain bullish. Immediate support is seen around 1.1770 (yesterday’s low). A clear break below that area could trigger further bearish pressure testing 1.1720 support area which is a good place to buy. Immediate resistance is seen around 1.1850.
A clear break above that area could trigger further bullish pressure retesting 1.1910 which need to be clearly broken to the upside to continue the bullish scenario targeting 1.2000 region. On the downside, only a clear break below 1.1650 would interrupt the bullish outlook.
The EURUSD had a bearish momentum yesterday bottomed at 1.1715 but closed a little bit higher at 1.1752. The bias is bearish in nearest term testing the minor trend line support as you can see on daily chart above which is a good place to buy with a tight stop loss below 1.1650 support area.
Immediate resistance is seen around 1.1785. A clear break above that area could trigger further bullish pressure testing 1.1820/50 area. Overall we remain bullish and price is still moving above the daily EMA 200, but a clear break below 1.1650 key support would favor neutral mode as price enters a corrective zone.
The EURUSD was indecisive yesterday. Price attempted to push lower, bottomed at 1.1688 but closed higher at 1.1757. The bias is neutral in nearest term. We have a bullish pin bar on daily chart as you can see on my daily chart, suggests a potential bullish scenario.
Immediate resistance is seen around 1.1785. A clear break above that area could trigger further bullish pressure testing 1.1820/50 area. On the downside, 1.1650 remains a key support. A clear break below that area would interrupt the bullish outlook and activate my neutral mode.
