The EURUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 1.0690 area. A clear break and daily close above that area would expose 1.0850 region. Immediate support is seen around 1.0600.
A clear break below that area could trigger further bearish pressure testing 1.0550/25 area. Overall I remain neutral.
The EURUSD had a bearish momentum yesterday bottomed at 1.0496. The bias is bearish in nearest term but 1.0500 – 1.0450 area remains a good place to buy with a tight stop loss below 1.0450. Immediate resistance is seen around 1.0560. A clear break above that area could lead price to neutral zone in nearest term testing 1.0600 or higher.
Overall I remain neutral but a clear break and daily close below 1.0450 would activate my bearish mode.
The EURUSD continued its bearish momentum yesterday bottomed at 1.0366. The bias remains bearish in nearest term testing 1.0300 area. Immediate resistance is seen around 1.0450.
A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 1.0500 I prefer a bearish scenario at this phase.
The EURUSD attempted to push higher last week topped at 1.0670 but whipsawed to the downside, bottomed at 1.0366 and closed at 1.0451. The bias is neutral in nearest term but as long as stay below 1.0500 I prefer a bearish scenario at this phase. Immediate support is seen around 1.0400. A clear break and daily close below that area would expose 1.0250/00 region this week.
On the upside, a clear break and daily close back above 1.0500 would reactivate my “neutral mode” as direction would become unclear.
The EURUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.0352 but closed a little bit higher at 1.0385 and hit 1.0398 earlier today. The bias remains neutral in nearest term but as long as stay below 1.0500 I still prefer a bearish scenario at this phase with nearest target seen around 1.0300.
Immediate resistance is seen around 1.0450 followed by 1.0500.
The EURUSD had a moderate bullish momentum yesterday topped at 1.0450. The bias is neutral in nearest term probably with a little bullish bias but as long as stay below 1.0500 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. Immediate support is seen around 1.0420. A clear break below that area could trigger further bearish pressure testing 1.0385/50 or lower.
On the upside, a clear break and daily close above 1.0500 would expose 1.0550 – 1.0600 region.
The EURUSD attempted to push higher yesterday topped at 1.0499 but closed lower at 1.0434. The bias is neutral in nearest term probably with a little bearish bias testing 1.0400 – 1.0350 support area. On the upside, 1.0500 remains a key resistance.
A clear break and daily/weekly close above that area would expose 1.0600 – 1.0700 region next week.
The EURUSD was indecisive last week. Price attempted to push lower bottomed at 1.0352 but closed higher at 1.0455. The bias is neutral in nearest term but as long as stay below 1.0500 price is still in a bearish phase. Immediate support is seen around 1.0400 followed by 1.0350.
On the upside, a clear break and daily close above 1.0500 would expose 1.0600 – 1.0700 area this week.
The EURUSD didn’t make significant movement yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 1.0500. A clear break and daily close above that area could trigger further bullish pressure testing 1.0600 region. Immediate support is seen around 1.0440.
A clear break below that area could trigger further bearish pressure testing 1.0400 – 1.0350 region.
The EURUSD had a moderate bearish momentum yesterday bottomed at 1.0372 but traded a little bit higher earlier today in Asian session hit 1.0437. The bias remains neutral in nearest term. As you can see on my H1 chart below, price has been moving sideways between 1.0350 – 1.0500 and we need a clear break from that range area to see clearer direction. That said, as long as stay below 1.0500 price is still in a valid bearish phase. Immediate support is seen around 1.0400 followed by 1.0350.
Immediate resistance is seen around 1.0450 followed by 1.0500.
