The EURUSD attempted to push lower yesterday bottomed at 1.1704 but closed higher at 1.1772. We have 2 consecutive bullish pin bar printed on daily chart as you can see on my daily chart below, suggests a bullish scenario. The bias is bullish in nearest term testing 1.1850 – 1.1910 region.
Immediate support is seen around 1.1750. A clear break below that area could lead price to neutral zone in nearest term testing 1.1700 region but only a clear break below 1.1650 would interrupt the bullish outlook. On the upside, a clear break and daily close above 1.1910 would expose 1.2000 or higher.
The EURUSD attempted to push lower last week, bottomed at 1.1688 but closed higher at 1.1822. We have 2 consecutive bullish pin bar just above the trend line support as you can see on my daily chart below, suggests a bullish scenario. The bias is bullish in nearest term testing 1.1850 – 1.1910 area.
Immediate support is seen around 1.1750. A clear break below that area could lead price to neutral zone in nearest term but only a clear break below 1.1650 would be a threat to the overall bullish outlook. On the upside, a clear break and daily close above 1.1910 would expose 1.2000 or higher.
The EURUSD was corrected lower yesterday bottomed at 1.1769. The bias is neutral in nearest term but overall I remain bullish and only a clear break below 1.1650 would interrupt the bullish outlook. Price is still moving convincingly above the EMA 200 and the trend line support as you can see on my H1 chart below indicates a bullish trend.
Immediate support is seen around 1.1730. A clear break below that area could trigger further bearish pressure testing 1.1650 key support. Immediate resistance is seen around 1.1850. A clear break above that area could trigger further bullish pressure testing 1.1910 before targeting 1.2000 region.
The EURUSD had a bearish momentum yesterday bottomed at 1.1687 but closed a little bit higher at 1.1734. Price slipped below the trend line support as you can see on my daily chart below suggests a serious threat to the bullish outlook but as long as stay above 1.1650 I still prefer to buy on the dips with nearest target seen at 1.2000.The bias is bearish in nearest term.
Immediate resistance is seen around 1.1770. A clear break above that area could lead price to neutral zone in nearest term testing 1.1850 area. On the downside, a clear break and daily close below 1.1650 would activate my neutral mode with a bearish short-term bias testing 1.1500 region.
The EURUSD attempted to push lower yesterday bottomed at 1.1681 but closed higher at 1.1765 and hit 1.1789 earlier today in Asian session. We have a bullish pin bar formation at the trend line support as you can see on my daily chart below suggests a potential bullish scenario which could end the bearish correction phase. The bias is bullish in nearest term testing 1.1850. A clear break and daily close above that area would expose 1.1910 – 1.2000 region.
Immediate support is seen around 1.1750. A clear break below that area could lead price to neutral zone in nearest term testing 1.1700 area but as long as stay above 1.1650 I still prefer a bullish scenario and any downside pullback should be seen as a good opportunity to buy.
The EURUSD attempted to push lower yesterday but still unable to break below 1.1650 key support and closed higher at 1.1724. The bias is neutral in nearest term. Immediate support is seen around 1.1700. A clear break below that area could trigger further bearish pressure testing 1.1650 key support which is a good place to buy with a tight stop loss.
Immediate resistance is seen around 1.1780 followed by 1.1850. Overall I remain bullish and price is still moving above the daily EMA 200 as you can see on my daily chart below but a clear break and daily/weekly close below 1.1650 would activate my neutral mode as deeper correction may take place next week. On the upside, we need a clear break and daily/weekly close at least above 1.1800 to potentially end the bearish correction phase targeting 1.1910 – 1.2000 region.
The EURUSD attempted to push lower last week bottomed at 1.1662 but closed higher at 1.1761. The bias is neutral in nearest term. From another technical perspective we have a bullish flag formation as you can see on my daily chart below suggests a potential bullish continuation scenario especially if price able to break above the flag and 1.1800 area targeting 1.1910 – 1.2000 as nearest target.
On the downside, 1.1650 remains a key support and good place to buy with a tight stop loss as a clear break below that area would be a serious threat to the bullish outlook and activate my neutral mode.
The EURUSD had a bullish momentum yesterday topped at 1.1828. Price closed above the bullish flag formation as you can see on my daily chart below suggests a potential bullish continuation scenario. The bias is bullish in nearest term testing 1.1910.
Immediate support is seen around 1.1790. A clear break below that area could lead price to neutral zone in nearest term testing 1.1750 or lower buy as long as stay above 1.1650 I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.1910 would expose 1.2000 region.
The EURUSD failed to continue its bullish momentum yesterday bottomed at 1.1745. The bias is bearish in nearest term but as long as stay above 1.1650 I remain bullish and any downside pullback should be seen as a good opportunity to buy targeting 1.1910 – 1.2000 region.
The bullish flag scenario also remains valid, but need a clear break and daily close at least above 1.1825 to continue the bullish flag scenario. On the downside, a clear break and daily close below 1.1650 would activate my neutral mode with a short-term bearish bias testing 1.1500 – 1.1475 support area.
The EURUSD had a bullish momentum yesterday topped at 1.1823. We have an inside bar formation as you can see on my daily chart below, suggests a consolidation phase with potential breakout situation.
Overall I remain bullish and expect an inside bar breakout scenario (above 1.1830) targeting 1.1910 – 1.2000 region as nearest target. On the downside, 1.1731 level is an intraday key support. A clear break below that area would expose 1.1650 key support which remains a good place to buy with a tight stop loss.
