The EURUSD attempted to push lower yesterday bottomed at 1.1716 but closed higher at 1.1791, printed a bullish pin bar on the daily chart, suggests a potential bullish pullback scenario. The bias is bullish in nearest term. From an H1 chart perspective as you can see on my H1 chart below, the current bullish correction is targeting the H1 EMA 200 and the violated trend line support located around 1.1850 area. A clear break above that area would expose 1.1920 key resistance which is a good place to sell with a tight stop loss as a clear break above that level would interrupt the bearish outlook and activate my neutral mode.
Immediate support is seen around 1.1750. A clear break below that area could lead price to neutral zone in nearest term retesting 1.1716 region which need to be clearly broken to the downside to resume the bearish run targeting 1.1550.
The EURUSD was indecisive yesterday. Price attempted to push higher, topped at 1.1829 but closed lower at 1.1778 and hit 1.1754 earlier today in Asian session after a broken trend line retest as you can see on my H1 chart below. The bias is bearish in nearest term retesting the “tail” of the bullish pin bar (daily chart) at 1.1716 which need to be clearly broken to the downside to resume the bearish trend targeting 1.1550 area.
Immediate resistance is seen around 1.1789 (current high). A clear break above that area could lead price to neutral zone in nearest term retesting the broken trend line support and 1.1830/50 region.
The EURUSD continued its bearish momentum yesterday bottomed at 1.1675 after retesting a broken trend line support as you can see on my H1 chart below. Price also broke below 1.1716 which invalidates the bullish pin bar scenario (daily chart). The bias remains bearish in nearest term testing 1.1600 – 1.1550 support area.
Immediate resistance is seen around 1.1750. A clear break back above that area could lead price to neutral zone in nearest term testing 1.1800 area but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
The EURUSD attempted to push higher yesterday, topped at 1.1750 but closed lower at 1.1719 and hit 1.1706 earlier today in Asian session. The bias is bearish in nearest term. Price slipped below a minor bullish channel as you can see on my H1 chart below, suggests a bearish continuation scenario retesting 1.1675. A clear break below that area could trigger further bearish pressure testing 1.1600 – 1.1550 region.
Immediate resistance is seen around 1.1750. A clear break above that area could lead price to neutral zone in nearest term testing 1.1800/30 area but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
The EURUSD continued its bearish momentum last week bottomed at 1.1645. Price gapped higher earlier today, opened at 1.1685 and hit 1.1712. The bias remains bearish in nearest term retesting 1.1645.
Immediate resistance is seen around 1.1720 located around a minor trend line resistance as you can see on my H1 chart below. A clear break above that area could lead price to neutral zone in nearest term testing the H1 EMA 200 located around 1.1765 but overall 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 1.1645 could easily target 1.1600 – 1.1550 region.
The EURUSD attempted to push higher yesterday, slipped above the trend line resistance and 1.1720 resistance area as you can see on my H1 chart below, but whipsawed to the downside and bottomed at 1.1607. The bias remains bearish in nearest term testing 1.1550 area.
Immediate resistance is seen around 1.1675 region. A clear break above that area could lead price to neutral zone in nearest term retesting the trend line resistance but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
The EURUSD continued its bearish momentum yesterday as I had expected, bottomed at 1.1510. The bias remains bearish in nearest term testing June 2017 high at 1.1445.
Immediate resistance is seen around 1.1600 – 1.1630 region. A clear break above that area could lead price to neutral zone in nearest term but overall 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 1.1445 could easily target 1.1300 region this week.
The EURUSD was indecisive yesterday, but overall still able to maintain its bullish correction bias. Price broke above the trend line resistance, but still struggling around the EMA 200 as you can see on my H1 chart below. Overall I remain bearish, but a clear break and daily close above 1.1750 could trigger further bullish pressure testing 1.1850 area which would be a serious threat to the major bearish trend.
On the downside, we need a clear break at least back below 1.1640 to reactivate my bearish mode retesting 1.1520 or lower.
The EURUSD attempted to push lower last week, bottomed at 1.1510 but whipsawed to the upside and closed higher at 1.1660. From an H1 chart perspective as you can see on my H1 chart below, price is now struggling around the EMA 200, moving back and forth between 1.1725 – 1.1640 range area. We need a clear break from that range area to see clearer direction.
Selling around 1.1725/50 with a tight stop loss is a good plan, as a clear break above 1.1725 could resume the bullish correction testing 1.1825 region. On the downside, a clear break and daily close below 1.1640 would reactivate my bearish mode retesting 1.1510/20 region.
EURUSD cuba naik dengan lebih tinggi pada minggu lepas di 1.1733 tetapi kembali semula ke bawah dan ditutup pada 1.1607. Harga telah menembusi garisan trend support seperti yang anda lihat pada carta H4 saya yang menunjukkan kegagalan harga untuk naik. Harga cenderung ke arah menurun sekiranya ia dapat bergerak secara konsisten dibawah 1.1600 dan H4 EMA 200, mencuba kawasan 1.1550 – 1.1500. Resistance dilihat pada sekitar 1.1650. Break dan penutupan harian diatas kawasan tersebut boleh membawa harga ke zon neutral dan arah akan menjadi tidak pasti. Pandangan utama teknikal saya masih neutral.
