The EURUSD was indecisive yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term (as a part of the shooting star bearish scenario)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 remains around 1.1275. A clear break above that area could lead price to neutral zone in nearest term testing 1.1315 or higher.
As expected, the EURUSD had a bearish momentum yesterday bottomed at 1.1132. Price closed below the daily EMA 200 as you can see on my daily chart below suggests a potential bearish view. The bias remains bearish in nearest term testing the lower line of the bullish channel located around 1.1100 – 1.1050 which is a key support at this phase and a good place to buy with a tight stop loss.
A clear break below the bullish channel would give us further confirmation of the bearish continuation scenario testing 1.0800 area. Immediate resistance is seen around 1.1180. A clear break above that area could lead price to neutral zone in nearest term testing 1.1225 – 1.1275 region.
The EURUSD didn’t make significant movement yesterday. The bias remains bearish in nearest term testing the lower line of the bullish channel (see my daily chart below)and 1.1100 – 1.1050 area which is a good place to buy with a tight stop loss.
Immediate resistance remains around 1.1180. A clear break above that area could lead price to neutral zone in nearest term testing 1.1225 – 1.1275 region.
The EURUSD had a bullish momentum yesterday topped at 1.1216 and now struggling around the daily EMA 200 as you can see on my daily chart below. It is too early to say that the shooting star bearish scenario is over, but the bias is bullish in nearest term testing 1.1275.
Immediate support is seen around 1.1150. A clear break below that area could lead price to neutral zone in nearest term testing 1.1100 – 1.1050 and the lower line of the bullish channel which remains a good place to buy with a tight stop loss. On the upside, a clear break and daily/weekly close above 1.1275 would potentially end the bearish scenario.
Daily CCI is struggling to move above -100 line suggests a potential bullish reversal scenario.
The EURUSD continued its bearish momentum last week and now struggling around the lower line of the bullish channel as you can see on my daily chart below. Price is in a critical point.
The bias is bearish in nearest term but like I said last week, the lower line of the bullish channel and 1.1100 – 1.1050 area is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1180. A clear break and daily close above that area could trigger further bullish pressure testing 1.1250 or higher.
On the downside, a clear break and daily close below the bullish channel and 1.1050 would reactivate my bearish mode targeting 1.0800 region.
The EURUSD was corrected higher yesterday and hit 1.1154 earlier today after touched the lower line of the bullish channel as you can see on my daily chart below. The bias is neutral in nearest term probably with a little bullish bias testing 1.1180 and the daily EMA 200.
A clear break and daily close above that area could potentially end the shooting star bearish scenario testing 1.1250 or higher.
On the downside, the lower line of the bullish channel and 1.1100 – 1.1050 region remains a key support and good place to buy with a tight stop loss as a clear break and daily close below the bullish channel and 1.1050 would reactivate my bearish mode targeting 1.0800 region.
The EURUSD attempted to push higher yesterday topped at 1.1173 but whipsawed to the downside and closed lower at 1.1130 and hit 1.1117 earlier today. The bias is bearish in nearest term testing the lower line of the bullish channel and 1.1100 – 1.1050 area which remains a good place to buy with a tight stop loss.
On the upside, key intraday resistance remains around 1.1180 (daily EMA 200). A clear break and daily close above that area could trigger further bullish pressure testing 1.1250 or higher. On the downside, a clear break and daily close below 1.1050 would reactivate my bearish mode targeting 1.0800 area.
The EURUSD had a bullish momentum yesterday and hit 1.1197 earlier today. Price slipped above the daily EMA 200 after touched the lower line of the bullish channel as you can see on my daily chart below, suggests a potential bullish reversal scenario. Daily CCI crossed above -100 line which support the bullish view. The bias is bullish in nearest term testing 1.1250 – 1.1300 region.
Immediate support is seen around 1.1150. A clear break back below that area could lead price to neutral zone in nearest term retesting the lower line of the bullish channel and 1.1100 – 1.1050 area which remains a good place to buy with a tight stop loss.
The EURUSD failed to continue its bullish momentum yesterday and closed back below the daily EMA 200 as you can see on my daily chart below. This fact keeps the shooting star bearish scenario remains alive and kicking and could give another bearish pressure retesting the lower line of the bullish channel and 1.1100 – 1.1050 area which also remains a good place to buy with a tight stop loss.
The bias is bearish in nearest term. On the upside, the daily EMA 200 located around 1.1180 remains a key resistance. A clear break and daily/weekly close above that area could trigger further bullish scenario next week.
On the downside, a clear break and daily/weekly close below 1.1050 would reactivate my bearish mode targeting 1.0800 region.
The EURUSD had a strong bullish momentum last week, topped at 1.1373 after bounced off the lower line of the bullish channel as you can see on my daily chart below. The bias is bullish in nearest term testing 1.1470 region.
Immediate support is seen around 1.1285. A clear break below that area could lead price to neutral zone in nearest term but overall I prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.
