The EURUSD resumed its bearish momentum yesterday bottomed at 1.1978. The bias remains bearish in nearest term but note that the daily EMA 200 located around 1.1970 is a key support at this phase and we need a clear break below that area to continue the bearish scenario testing 1.1900 or lower. From an H1 chart perspective as you can see on my H1 chart below, price is moving inside a bearish channel after broke below 1.2175 key support (now resistance).
The resistance line is located around 1.2060, so a minor bullish pullback testing that area should not be a surprise but should be seen as a good opportunity to sell. As long as stay below 1.2175 the descending triangle bearish scenario on daily chart remains valid and any upside pullback should be seen as a good opportunity to sell.
The EURUSD continued its bearish momentum yesterday bottomed at 1.1934. Price slipped below the daily EMA 200 (1.1970) but corrected higher and revisits the daily EMA 200 region earlier today in Asian session. The bias remains bearish in nearest term testing 1.1900 area.
Immediate resistance is seen around the resistance line of the bearish channel as you can see on my H1 chart below, located around 1.2000 – 1.2025 area. A clear break above the bearish channel would interrupt the bearish run, but as long as stay below 1.2175 the descending triangle scenario (daily chart) remains valid and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily close below 1.1900 would expose 1.1750 region.
The EURUSD continued its bearish momentum yesterday, bottomed at 1.1894. The bias is bearish in nearest term testing 1.1850 region.
Immediate resistance is seen around the upper/resistance line of a bearish channel as you can see on my H1 chart below located around 1.1970 area (which is also the D1 EMA 200). A clear break and daily close above that area would interrupt the current bearish run testing 1.2050 region. On the downside, a clear break and daily close below 1.1850 would expose 1.1750 region (weekly EMA 200).
The EURUSD plunged to a fresh 2018 low at 1.1834 yesterday. Price broke below the support line of the bearish channel as you can see on my H1 chart below, suggests further bearish run. The bias remains bearish in nearest term testing 1.1750 support area (weekly EMA 200).
Immediate resistance is seen around 1.1895. A clear break above that area could lead price to neutral zone in nearest term testing 1.1935/50 region but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Price is moving inside a 75-pips range area between 1.1895 – 1.1820 as you can see on my H1 chart below suggests a consolidation phase.
A clear break above 1.1895 could trigger further bullish pullback testing 1.1935/50 region but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break below 1.1820 would expose 1.1750 region (weekly EMA 200).
The EURUSD attempted to push lower last week bottomed at 1.1822 but whipsawed to the upside and closed higher at 1.1939 and hit 1.1968 earlier today in Asian session. Price is moving inside a bullish channel and slipped above the H1 EMA 200 as you can see on my H1 chart below, suggests a bullish bias. The descending triangle scenario on daily chart remains valid, but the technical target has been reached and we need a clear break back below the bullish channel and 1.1900 area to keep the bearish scenario alive and kicking.
The bias is bullish in nearest term testing 1.2025/50 area. Immediate support is seen around 1.1935. A clear break below that area could lead price to neutral zone in nearest term testing 1.1900.
The EURUSD attempted to push higher yesterday topped at 1.1996 but closed lower at 1.1926, printed a bearish pin bar on the daily chart, suggests a bearish scenario. The bias is bearish in nearest term. From an hourly chart perspective as you can see on my H1 chart below, price is testing the lower/support line of a bullish channel located around 1.1925 region. A clear break below the bullish channel would give further confirmation to the bearish pin bar scenario and reactivate my bearish mode retesting 1.1820 area.
Immediate resistance is seen around 1.1970. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish phase remains strong testing 1.2025/50 area.
The EURUSD continued its bearish momentum yesterday bottomed at 1.1763 but closed higher at 1.1806 and hit 1.1837 earlier today in Asian session. The bias is neutral in nearest term but overall I remain bearish with nearest bearish target seen at 1.1735/00 area.
Immediate resistance is seen around 1.1837 which located around a trend line resistance as you can see on my H1 chart below. A clear break above 1.1837 could trigger further bullish pullback but as long as stay below 1.1920 I still prefer a bearish scenario at this phase as a part of the descending triangle bearish scenario on the daily chart and any upside pullback should be seen as a good opportunity to sell.
The EURUSD was indecisive yesterday. The bias remains neutral in nearest term. Overall I remain bearish but need a clear break at least below the trend line support located around 1.1785 as you can see on my H1 chart below to resume the bearish phase testing 1.1735/00 area.
Immediate resistance is seen around 1.1837. A clear break above that area could trigger further bullish correction but as long as stay below 1.1920 I still prefer a bearish scenario at this phase as a part of the descending triangle scenario on daily chart and any upside pullback should be seen as a good opportunity to sell.
The EURUSD continued its bearish momentum last week bottomed at 1.1749 and hit 1.1744 earlier today in Asian session. Price broke below the trend line support as you can see on my H1 chart below suggests a bearish continuation outlook as a part of the descending triangle bearish scenario on the daily chart. The bias remains bearish in nearest term testing 1.1700 area.
Immediate resistance is seen around 1.1785-1.1800 area. A clear break back above that area could lead price to neutral zone in nearest term but as long as stay below 1.1920 I remain bearish and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily close below 1.1700 would expose 1.1550 region.
