The EURUSD attempted to push higher last week topped at 1.1616 but whipsawed to the downside and closed lower at 1.1401. The appearance of the shooting star formation near the upper line of the bullish channel as you can see on my daily chart below suggest a potential bearish pullback scenario this week.
The bias is bearish in nearest term testing 1.1275 – 1.1200 region. Immediate resistance is seen around 1.1430. A clear break above that area could lead price to neutral zone in nearest term testing 1.1475 – 1.1500 area.
The EURUSD was indecisive yesterday but overall still able to maintain its bearish bias. The bias remains bearish in nearest term testing 1.1275 – 1.1200 region as a part of the shooting star bearish scenario as you can see on my daily chart below.
Immediate resistance remains around 1.1430. A clear break above that area could lead price to neutral zone in nearest term testing 1.1475 – 1.1500 region.
The EURUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.1275 – 1.1200 region as a part of the shooting star bearish scenario as you can see on my daily chart below.
Immediate resistance remains around 1.1430. A clear break above that area could lead price to neutral zone in nearest term testing 1.1475 – 1.1500 region.
The EURUSD had a moderate bullish momentum yesterday topped at 1.1446. This is not what I had expected, but it’s a normal movement and the shooting star bearish scenario should remain valid. The bias is neutral in nearest term probably with a little bullish bias testing 1.1500 area.
Immediate support is seen around 1.1400. A clear break below that area could trigger further bearish pressure testing 1.1350 region which need to be clearly broken to the downside to keep the bearish scenario remains strong targeting 1.1275 – 1.1200 region.
The EURUSD had a moderate bearish momentum yesterday and hit 1.1366 earlier today. Although we haven’t seen a significant bearish movement and overall price has been moving sideways without clear direction since Monday, the shooting star bearish scenario remains valid with nearest target seen around 1.1275 – 1.1200 region.
Immediate resistance is seen around 1.1450 followed by 1.1500. There will be some high impact US economic data release today (retail sales, consumer sentiment, PPI) so we can expect good movement in the US market.
The EURUSD had a bearish momentum last week bottomed at 1.1282. Price reached the nearest target of the shooting star bearish scenario.
I am expecting more bearish scenario testing the lower line of the bullish channel (see my daily chart below)and 1.1050 region but we may have a good support around the daily EMA 200 located around 1.1200 – 1.1185 region. The bias is bearish in nearest term testing 1.1200.
Immediate resistance is seen around 1.1350. A clear break above that area could lead price to neutral zone in nearest term testing 1.1400 area.
The EURUSD had another indecisive movement yesterday. The bias remains bearish in nearest term testing 1.1200 region. Immediate resistance remains around 1.1350.
A clear break above that area could lead price to neutral zone in nearest term testing 1.1400 region but only a clear break back above 1.1450 – 1.1500 would be a serious threat to the shooting star bearish scenario. Fundamental focus will be on the FOMC Meeting Minutes.
As expected, the EURUSD had a bearish momentum yesterday bottomed at 1.1214. The bias remains bearish in nearest term as a part of the shooting star bearish scenario as you can see on my daily chart below, testing the daily EMA 200 located around 1.1185 area.
A clear break and daily close below the daily EMA 200 could trigger further bearish pressure testing the lower line of the bullish channel and 1.1100 – 1.1050 support area. Immediate resistance is seen around 1.1275. A clear break above that area could lead price to neutral zone in nearest term testing 1.1325/50 area.
The EURUSD was indecisive yesterday and now struggling around the daily EMA 200 support as you can see on my daily chart below.
The bias remains bearish in nearest term but note that we need a clear break below the daily EMA 200 and 1.1185 to continue the bearish scenario testing the lower line of the bullish channel and 1.1100 – 1.1050 region which is a good place to buy with a tight stop loss.
Immediate resistance is seen around 1.1230. A clear break above that area could lead price to neutral zone in nearest term testing 1.1275 – 1.1315 region.
The EURUSD continued its bearish momentum last week bottomed at 1.1179 as a part of the shooting star bearish scenario as you can see on my daily chart below.
The bias remains bearish in nearest term especially if price able to make a clear break below the daily EMA 200 located around 1.1180 region testing the lower line of the bullish channel and 1.1100 – 1.1050 area which is a good place to buy with a tight stop loss.
Immediate resistance is seen around 1.1275. A clear break above that area could lead price to neutral zone in nearest term testing 1.1315 area.
