The EURUSD didn’t make significant movement yesterday. The bias is neutral in nearest term but overall I still prefer a bullish scenario at this phase. The bullish flag scenario remains valid but price is still trapped between 1.1730 – 1.1830 range area. We need a clear break above 1.1830 to continue the bullish scenario testing 1.1910 – 1.2000 region.
On the downside, a clear break below 1.1730 would expose 1.1650 key support area which remains a good place to buy with a tight stop loss as a clear break below that area would interrupt the bullish outlook testing 1.1500 region.
As expected, the EURUSD had a bullish momentum last week topped at 1.1941 and hit 1.1959 earlier today in Asian session. As you can see on my daily chart below, price breaks above the bullish flag and the inside bar formation, suggests a bullish continuation scenario. The bias is bullish in nearest term testing 1.2000 level.
Immediate support is seen around 1.1875. A clear break below that area could lead price to neutral zone in nearest term testing 1.1830 region but overall 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 1.2000 would expose 1.2100 – 1.2175 region.
The EURUSD continued its bullish momentum yesterday topped at 1.1983. The bias remains bullish in nearest term testing 1.2000 – 1.2050 region as a part of the bullish continuation scenario after broke above the bullish flag formation as you can see on my daily chart below.
Immediate support is seen around 1.1910. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 1.1830 the overall bullish bias should remain strong and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.2050 would expose 1.2100 – 1.2175 region.
The EURUSD attempted to push higher yesterday, topped at 1.2070 but whipsawed to the downside and closed lower at 1.1971, formed a bearish pin bar as you can see on my daily chart below. Overall I remain bullish but the appearance of a bearish pin bar around a psychological level (1.2000) is a serious threat to the bullish outlook and never to be underestimated.
The bias is bearish in nearest term testing 1.1910. A clear break and daily close below that area would expose 1.1830 support area. On the upside, we need a clear break above 1.2070 to continue the bullish scenario targeting 1.2175 or higher.
The EURUSD had a bearish momentum yesterday bottomed at 1.1880. The bearish pin bar on daily chart I showed you yesterday gave us a valid bearish signal. The bias is bearish in nearest term testing 1.1800 – 1.1770 region.
Immediate resistance is seen around 1.1950. A clear break above that area could lead price to neutral zone in nearest term testing 1.2000. Overall I remain bullish but need a clear break above 1.2070 to end the current bearish correction phase and reactivate my bullish mode targeting 1.2175 or higher.
The EURUSD attempted to push lower yesterday bottomed at 1.1823 but closed higher at 1.1909 and hit 1.1922 earlier today in Asian session. As you can see on my daily chart below, we have a bullish pin bar formation which could signal an end to the bearish correction and resumption of the bullish trend. The bias is bullish in nearest term testing 1.2000 – 1.2070 region.
Immediate support is seen around 1.1870. A clear break below that area could lead price to neutral zone in nearest term testing 1.1823 key support. A clear break and daily/weekly close below 1.1823 would signal further bearish correction next week testing 1.1600 region.
The EURUSD attempted to push higher last week topped at 1.2070 but whipsawed to the downside and closed lower at 1.1863. Overall I remain bullish but as long as stay below 1.2000 price is still in a valid bearish correction phase. The bias is neutral in nearest term.
Immediate support is seen around 1.1823. A clear break and daily close below that area could trigger further bearish pressure testing 1.1750 – 1.1700 region. On the upside, a clear break above 1.2000 psychological level would potentially end the current bearish correction.
The EURUSD didn’t make significant movement yesterday. The bias remains neutral in nearest term. Overall I remain bullish and price is still moving above the EMA 200 as you can see on my H4 chart below but as long as stay below 1.2000 the pair is still in a bearish correction phase with key support seen at 1.1823.
A clear break below that area would continue the bearish correction testing 1.1750 – 1.1700 area. On the upside, we need a clear break at least above 1.2000 to potentially end the current bearish correction phase targeting 1.2175 region.
The EURUSD was indecisive yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Overall I remain bullish but as long as stay below 1.2000 price is still in a bearish correction phase with key support seen at 1.1823.
A clear break and daily close below that area could trigger further bearish correction testing 1.1750 – 1.1700 region but any downside pullback should be seen as a good opportunity to buy. On the upside, we need a clear break at least above 1.2000 to potentially end the current bearish correction phase targeting 1.2175 region or higher.
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate resistance is seen around 1.1950. A clear break above that area could trigger further bullish pressure testing 1.2000 psychological /key level which need to be clearly broken to the upside to end the current bearish correction phase targeting 1.2175 area.
Immediate support is seen around 1.1900. A clear break below that area could trigger further bearish pressure testing 1.1823 key support. Overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
