The EURUSD attempted to push lower yesterday bottomed at 1.1028 but whipsawed to the upside and closed higher at 1.1100. This is not what I had expected, but as long as stay below 1.1200 I remain bearish targeting 1.0700. The bias is bullish in nearest term testing 1.1200.
Immediate support is seen around 1.1060. A clear break below that area could lead price to neutral zone in nearest term testing 1.0000 which need to be clearly broken to the downside to keep the bearish bias remains strong.
On the upside, a clear break and daily close above 1.1200 will activate my wait and see mode as direction would become unclear.
The EURUSD was indecisive last week but overall still able to maintain its bearish bias after broke below the bullish channel as you can see on my daily chart below. The bias is neutral in nearest term. Immediate support is seen around 1.1000.
A clear break and daily close below that area could trigger further bearish pressure testing 1.0900 before targeting 1.0700 area. Immediate resistance is seen around 1.1060.
A clear break above that area could trigger further bullish pressure testing 1.1100 but key resistance remains around 1.1200.
The EURUSD attempted to push higher yesterday topped at 1.1125 but whipsawed to the downside and closed lower at 1.1060. Overall, there are no changes in my technical outlook. As long as stay below 1.1200 I still prefer a bearish scenario at this phase targeting 1.0700 as a part of the bearish scenario after broke below the bullish channel and daily EMA 200 as you can see on my daily chart below.
The bias is neutral in nearest term probably with a little bearish bias testing 1.1000 support area which need to be clearly broken to the downside to continue the bearish scenario.
The EURUSD attempted to push higher yesterday topped at 1.1164 but closed lower at 1.1116, still in a choppy and boring market since the Brexit.
The bias is neutral in nearest term. As you can see on my daily chart below, price has been moving sideways between 1.1200 – 1.1000 range area. As long as stay below 1.1200 I remain bearish but need a clear break and daily/weekly close below 1.0000 to continue the bearish scenario targeting 1.0700 region.
On the upside, a clear break and daily/weekly close above 1.1200 would activate my wait and see mode as direction would become unclear.
The EURUSD attempted to push higher last week topped at 1.1164 but whipsawed to the downside and closed lower at 1.1036. The bias is neutral in nearest term. As you can see on my daily chart below price has been moving sideways between 1.1200 – 1.1000 for the last three weeks since the Brexit.
Overall I remain bearish as a part of the bearish scenario after broke below the bullish channel but need a clear break below 1.1000 to continue the bearish scenario targeting 1.0700. Immediate resistance is seen around 1.1100.
A clear break above that area could trigger further bullish pressure but only a clear break above 1.1200 would interrupt my bearish outlook.
The EURUSD didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term and price is still trapped between 1.1200 – 1.1000 range area as you can see on my daily chart below. We need to be patient in time like this and not rushing jump into the market.
Overall, as long as stay below 1.1200 I still prefer a bearish scenario but need a clear break at least below 1.1000 to continue the bearish scenario targeting 1.0700 region.
The EURUSD was indecisive yesterday. Price slipped below 1.1000 but still unable to make a clear break below that support area so far. Overall price is still trapped inside range area of 1.1200 – 1.1000 as you can see on my daily chart below but I am expecting an imminent breakout. The bias is neutral in nearest term.
Immediate resistance is seen around 1.1050 followed by 1.1100 but key resistance remains around 1.1200. Overall I remain bearish but need a clear break below 1.1000 to continue the bearish scenario targeting 1.0700 region.
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate resistance is seen around 1.1050 (H1 EMA 200). A clear break above that area could trigger further bullish pressure testing 1.1100 but key resistance remains around 1.1200.
On the downside, we need a clear break and daily/weekly close below 1.1000 to continue the bearish scenario targeting 1.0700 next week. Overall price has been moving sideways between 1.1200 – 1.1000 for the last four weeks since the Brexit but as long as stay below 1.1200 I remain bearish.
The EURUSD had a bearish momentum last week closed below 1.1000 key support as you can see on my daily chart below. The bias is bearish in nearest term testing 1.0900. A clear break and daily close below that area could trigger further bearish pressure targeting 1.0700 this week.
Immediate resistance is seen around 1.1000. A clear break above that area could lead price to neutral zone in nearest term testing 1.1050 region but key resistance remains around 1.1200. Overall I still prefer a bearish scenario.
