The EURUSD failed to continue its bullish momentum yesterday bottomed at 1.1188. The bias is bearish in nearest term retesting the lower line of the bullish channel as you can see on my daily chart below, located around 1.1150 region which remains a good place to buy with a tight stop loss.
Immediate resistance is seen around 1.1250. A clear break above that area could lead price to neutral zone in nearest term testing 1.1300 – 1.1320 area. On the downside, a clear break and daily close below the bullish channel and 1.1150 could trigger further bearish scenario testing 1.1000 area.
The EURUSD had a bullish momentum yesterday topped at 1.1298 but still unable to move consistently above 1.1285 so far. The bias is bullish in nearest term especially if price able to make a clear break above 1.1285 testing 1.1350 or higher. Immediate support is seen around 1.1240.
A clear break below that area could lead price to neutral zone in nearest term testing 1.1190 and the lower line of the bullish channel located around 1.1150 which remains a good place to buy with a tight stop loss.
The EURUSD attempted to push lower yesterday slipped below the lower line of the bullish channel as you can see on my daily chart below, bottomed at 1.1130 but whipsawed to the upside, closed at 1.1224 and hit 1.1271 earlier today.
Once again, the lower line of the bullish channel has proven itself to be a strong support and good place to buy. The bias is bullish in nearest term testing 1.1285 – 1.1300 area. A clear break above that area could trigger further bullish pressure testing 1.1350 or higher.
Immediate support is seen around the lower line of the bullish channel and 1.1200 – 1.1150 area which remains a good place to buy with a tight stop loss.
The EURUSD attempted to push lower last week slipped below the lower line of the bullish channel as you can see on my daily chart below but whipsawed to the upside, closed higher at 1.1276 and gapped higher, opened at 1.1331 and hit 1.1357 earlier today. The bias is bullish in nearest term testing 1.1400 – 1.1470. Immediate support is seen around 1.1285.
A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear but key support remains around the lower line of the bullish channel which remains a good place to buy.
The EURUSD was indecisive yesterday. As you can see on my daily chart below, we have a “shooting star” candlestick formation (B). While some may argue that that is not a valid shooting star formation compared to what happened on May 03 (A), for me any indecisive movement now could be a serious warning for the bullish run.
That said, as long as stay above 1.1285 I still prefer a bullish scenario targeting 1.4700. A clear break and daily close below 1.1285 could trigger further bearish pressure testing 1.1180 and the lower line of the bullish channel which remains a good place to buy.
The EURUSD had a bullish momentum yesterday topped at 1.1337. Price closed lower at 1.1294 but overall still able to maintain its bullish bias, hit 1.1347 earlier today. The bias is bullish in nearest term testing 1.1380 – 1.1400 area. Immediate support is seen around 1.1285.
A clear break back below that area could lead price to neutral zone in nearest term retesting 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 close above 1.1380 – 1.1400 could trigger further bullish pressure targeting 1.1470 area.
The EURUSD attempted to push higher yesterday topped at 1.1111 but closed lower at 1.1063. The bias is neutral in nearest term but as long as stay below 1.1200 (daily EMA 200) my overall technical bias remains bearish targeting 1.0700 region.
Immediate support is seen around 1.1035. A clear break below that area could trigger further bearish pressure testing 1.0970 or lower.
The EURUSD had a bullish momentum yesterday topped at 1.1130. The bias is bullish in nearest term testing 1.1200 which is a good place to sell with a tight stop loss targeting 1.0700. Immediate support is seen around 1.1070.
A clear break below that area could lead price to neutral zone in nearest term testing 1.1000. On the upside, a clear break and daily close back above 1.1200 would activate my wait and see mode as direction would become unclear.
The EURUSD was corrected higher last week topped at 1.1169. The bias is bullish in nearest term but as long as stay below 1.1200 my overall technical bias remains bearish targeting 1.0700. Immediate support is seen around 1.1110. A clear break below that area could lead price to neutral zone in nearest term testing 1.1070 or lower.
On the upside, a clear break and daily close above 1.1200 would activate my wait and see mode as direction would become unclear with a bullish intraday bias testing 1.1300 – 1.1400 region.
The EURUSD was indecisive yesterday but overall still able to maintain its bullish correction bias since the Brexit referendum. The bias remains bullish in nearest term but as long as stay below 1.1200 I still prefer a bearish scenario at this phase targeting 1.0700. Immediate support is seen around 1.1100.
A clear break below that area could lead price to neutral zone in nearest term testing 1.1050 area. On the upside, a clear break and daily close above 1.1200 would activate my wait and see mode as direction would become unclear testing 1.1300 – 1.1400 area.
