The EURUSD had a bullish momentum yesterday topped at 1.2059 and hit 1.2089 earlier today in Asian session. This fact ends the bearish correction phase. The bias is bullish in nearest term testing 1.2150/75 region. Immediate support is seen around 1.2017 (current low).
A clear break below that area could lead price to neutral zone in nearest term testing 1.1980 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/weekly close above 1.2150/75 would expose 1.2350 region next week.
The EURUSD had a bullish momentum last week topped at 1.2092 but closed a little bit lower at 1.2029 and hit 1.1999 earlier today in Asian session. Price is still moving strongly above the EMA 200 as you can see on my H4 chart below suggests a valid bullish trend. The bias is neutral in nearest term but overall I remain bullish with nearest bullish target seen at 1.2175.
Immediate support is seen around 1.1950. A clear break and daily close below that area could trigger further bearish pressure testing 1.1823 key support but any downside pullback should be seen as a good opportunity to buy.
The EURUSD had a bearish momentum yesterday bottomed at 1.1947. The bias is bearish in nearest term testing 1.1865 but key support remains at 1.1823 area. Immediate resistance is seen around 1.2000. A clear break above that area could lead price to neutral zone in nearest term testing 1.2070/90 region.
On the downside, a clear break and daily close below 1.1823 could take price to a bearish correction zone but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy with nearest bullish target seen at 1.2175 region.
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 1.1925. A clear break and daily close below that area could trigger further bearish pressure testing 1.1823 key support.
Immediate resistance is seen around 1.2030. A clear break and daily close above that area could trigger further bullish pressure testing 1.2100 – 1.2175 region. Overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
The EURUSD had a bearish momentum yesterday bottomed at 1.1873 as a part of the bearish correction phase after printed a bearish pin bar on Friday as you can see on my daily chart below. The bias is bearish in nearest term testing 1.1823 key support which is a good place to buy.
Immediate resistance is seen around 1.1925. A clear break above that area could lead price to neutral zone in nearest term testing 1.2000 region. Overall I remain bullish but a clear break and daily close below 1.1823 key support could trigger further bearish correction scenario testing 1.1700 – 1.1600 support area. On the upside, we need a clear break at least above 1.2000 to continue the bullish scenario targeting 1.2175 region.
The EURUSD attempted to push lower yesterday bottomed at 1.1837 but closed higher at 1.1918. The bias is bullish in nearest term testing 1.2000 region. Immediate support is seen around 1.1870.
A clear break below that area could lead price to neutral zone in nearest term retesting 1.1823 key support area which remains a good place to buy with a tight stop loss as a clear break and daily/weekly close below that area could trigger further bearish correction testing 1.1700 – 1.1600 region next week. Overall I remain bullish and still prefer to buy on dips with nearest target seen at 1.2175 area.
The EURUSD attempted to push lower last week bottomed at 1.1837 but closed higher at 1.1947. The bias is neutral in nearest term but as long as stay above 1.1823 key support the major bullish trend should remain strong with nearest bullish target seen around 1.2175 region. Immediate support is seen around 1.1900 – 1.1870 area.
Immediate resistance is seen around 1.2000. A clear break and daily close above that area could trigger further bullish pressure testing 1.2100 – 1.2175 region. On the downside, a clear break and daily close below 1.1823 key support would take price to a bearish correction zone testing 1.1700 – 1.1600 region.
The EURUSD didn’t make significant movement yesterday. The bias remains neutral in nearest term. Overall I remain bullish but price has been trapped between 1.2090 – 1.1823 range area for almost four weeks now. Immediate resistance is seen around 1.2000. A clear break and daily close above that area could trigger further bullish pressure testing 1.2100 – 1.2175 region.
Immediate support is seen around 1.1915. A clear break and daily close below that area could trigger further bearish pressure retesting 1.1823 key support which remains a good place to buy with a tight stop loss as a clear break below that area would take the pair to a bearish correction zone.
The EURUSD had a moderate bullish momentum yesterday topped at 1.2006. The bias is bullish in nearest term testing 1.2090 key resistance which need to be clearly broken to the upside to continue the bullish scenario targeting 1.2175 area.
Immediate support is seen around 1.1950. A clear break below that area could lead price to neutral zone in nearest term but key support remains around 1.1823 area, which remains a good place to buy with a tight stop loss as a clear break below that area would take the pair to a bearish correction zone.
The EURUSD had a bearish momentum yesterday bottomed at 1.1861. The bias is bearish in nearest term testing 1.1823 key support area which remains a good place to buy with a tight stop loss as a clear break and daily close below that area would take price to a bearish correction zone testing 1.1700 – 1.1600 support area.
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 area but key resistance remains at 1.2090 region which need to be clearly broken to the upside to continue the bullish scenario targeting 1.2175 area. Overall I remain bullish.
