The EURUSD was indecisive yesterday. Price attempted to push higher topped at 1.1811 but closed lower at 1.1768. The bias remains neutral in nearest term but overall price is still in a valid bearish phase since broke below the bullish channel as you can see on my H1 chart below with nearest bearish target seen at 1.1690 region. This bearish phase can only be invalidated by a move back above 1.1850 area.
On the downside, a clear break and daily close below 1.1690 would expose 1.1550 region. Overall I remain neutral.
The EURUSD had a bullish momentum yesterday topped at 1.1831 and hit 1.1843 earlier today in Asian session. The bias is bullish in nearest term testing 1.1850 resistance area which is a good place to sell with a tight stop loss as a clear break above that area would invalidate the bearish phase testing 1.1900 – 1.1960 region or higher.
Immediate support is seen around 1.1800 – 1.1780 region. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish phase remain valid testing 1.1690 region. Overall I remain neutral.
The EURUSD attempted to push higher yesterday slipped above 1.1850 resistance area but whipsawed to the downside and closed lower at 1.1777. This false breakout keeps the bearish phase remain valid. The bias is bearish in nearest especially if price able to make a clear break below 1.1750 testing 1.1690 region.
Immediate resistance is seen around 1.1815. A clear break above that area could lead price to neutral zone in nearest term retesting 1.1850 region which remains a good place to sell with a tight stop loss as a clear break and daily close above that area would expose 1.1960 or higher. Overall I remain neutral.
The EURUSD was indecisive last week printed a bearish pin bar on weekly chart. Price attempted to push higher slipped above 1.1850 resistance but closed lower at 1.1750. This false breakout is consistent with the bearish view after broke below the bullish channel as you can see on my H1 chart below. The bias is bearish in nearest term testing 1.1690.
Immediate resistance is seen around 1.1775 area. A clear break above that area could lead price to neutral zone in nearest term testing 1.1815 – 1.1850 region which is a good place to sell with a tight stop loss above 1.1850. On the downside, a clear break and daily close below 1.1690 would expose 1.5550 region. Overall I remain neutral.
The EURUSD attempted to push higher yesterday topped at 1.1834 but closed lower at 1.1781. The bias is neutral in nearest term but as long as stay below 1.1850 I still prefer a bearish scenario at this phase with nearest target seen at 1.1690. Immediate support is seen around 1.1750. A clear break below that area could trigger further bearish pressure testing 1.1690 region.
Immediate resistance is seen around 1.1815 followed by 1.1850 region which remains a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 1.1690 would expose 1.1550 region. Overall I remain neutral.
The EURUSD was corrected lower yesterday bottomed at 1.2001. The bias is bearish in nearest term testing 1.1960/20 support area. Immediate resistance is seen around 1.2040. A clear break above that area could lead price to neutral zone in nearest term testing 1.2090 key resistance area which need to be clearly broken to the upside to continue the major bullish scenario.
On the downside, a clear break and daily close back below 1.1960/20 would activate my neutral mode as a double top formation might be in the making. On the upside, a clear break and daily close above 1.2090 would expose 1.2175 – 1.2220 region.
The EURUSD was indecisive last week. Price is moving inside a range area between 1.2090 – 1.2000 as you can see on my daily chart below. Overall I remain bullish but need a clear break above 1.2090 to resume the major bullish trend targeting 1.2175 – 1.2220 region. The bias is neutral in nearest term probably with a little bullish bias testing 1.2090 key resistance area.
On the downside, 1.2000 – 1.1960 remains a key support at this phase. A clear break below that area would be a serious threat to the major bullish outlook as a double top formation (bearish reversal) scenario could be in the making.
The EURUSD attempted to push higher yesterday topped at 1.2017 but closed lower at 1.1947, printed a bearish pin bar as you can see on my daily chart below. The bias is bearish in nearest term testing 1.1900 – 1.1850 support area. Immediate resistance is seen around 1.2000/17 region. A clear break above that area could lead price to neutral zone in nearest term testing 1.2090 key resistance area.
On the downside, a clear break and daily close below 1.1850 would give further support for the making of double top formation with key support/neckline at 1.1550 level. Only a clear break above 1.2090 would eliminate the potential of double top bearish scenario.
The EURUSD had a strong bullish momentum yesterday topped at 1.2058 and hit 1.2075 earlier today. This fact invalidates the bearish pin bar scenario printed on Wednesday as price breaks above the tail of the bearish pin bar as you can see on my daily chart below. The bias is bullish in nearest term retesting 1.2090 key resistance. A clear break and daily/weekly close above that area would reactivate my bullish mode testing 1.2175 – 1.2220 region next week.
Immediate support is seen around 1.2045. A clear break below that area could lead price to neutral zone in nearest term testing 1.2000 area.
The EURUSD had a significant bullish momentum last week broke above 1.2090 key resistance, topped at 1.2218 and hit 1.2240 earlier today. This fact activates my bullish mode. The bias is bullish in nearest term testing 1.2300/50 region.
Immediate support is seen around 1.2175. A clear break below that area could lead price to neutral zone in nearest term testing 1.2135 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 1.2300/50 would expose 1.2500 region this week.
