The EURUSD had a strong bullish momentum earlier today in Asian session, hit 1.0653 but traded lower around 1.0540 at the time I wrote this comment in a “strange” and high volatile market. The bias is neutral in nearest term and I think we should stay out of this kind of market. Immediate support is seen around 1.0500. A clear break below that area could trigger further bearish pressure testing 1.0450/00 region and keep the bearish outlook remains intact.
Immediate resistance is seen around 1.0580 followed by 1.0650.
The EURUSD attempted to push lower yesterday slipped below 1.0350 but closed a little bit higher at 1.0405. The bias is neutral in nearest term. Price is still in a bearish phase but need a clear break below 1.0350 to continue the bearish scenario. Immediate resistance is seen around 1.0430. A clear break above that area could trigger further bullish pressure testing 1.0500 region.
On the downside, a clear break and daily close below 1.0350 would expose 1.0200 area.
The EURUSD had a bullish momentum yesterday topped at 1.0499 and hit 1.0540 earlier today in Asian session. The bias is bullish in nearest term testing the trend line resistance as you can see on my H1 chart below located around 1.0600 area. Immediate support is seen around 1.0470.
A clear break below that area could lead price to neutral zone in nearest term testing 1.0430/00 region.
The EURUSD continued its bullish momentum yesterday topped at 1.0615. As you can see on my H1 chart below price slipped above the trend line resistance suggests a potential bullish scenario. The bias remains bullish in nearest term testing 1.0690 region. Immediate support is seen around 1.0570/50.
A clear break below that area could lead price to neutral zone in nearest term testing 1.0500 area or lower.
The EURUSD had another indecisive movement last week. As you can see on my H1 chart below, price slipped above the trend line resistance but moving back below the trend line, suggests a potential false breakout bearish scenario. The bias is bearish in nearest term testing 1.0500. A clear break below that area would give further confirmation to the false breakout bearish scenario testing 1.0450/00 area. Immediate resistance is seen around 1.0575. A clear break above that area could lead price to neutral zone in nearest term testing 1.0615 key resistance.
The EURUSD had a moderate bullish momentum yesterday topped at 1.0583 and hit 1.0604 earlier today in Asian session. The bias is bullish in nearest term testing 1.0615. A clear break above that area would expose 1.0700 region. Immediate support is seen around 1.0560.
A clear break below that area could lead price to neutral zone in nearest term testing 1.0500 area.
The EURUSD attempted to push higher yesterday slipped above 1.0615 but closed lower at 1.0553 and hit 1.0536 earlier today in Asian session. The bias is neutral in nearest term probably with a little bearish bias testing 1.0500 support area. A clear break and daily close below that area would expose 1.0400 – 1.0350 region. On the upside, 1.0615 remains a key resistance.
A clear break and daily close above that area could trigger further bullish pressure testing 1.0700 area.
The EURUSD attempted to push lower yesterday bottomed at 1.0453 but whipsawed to the upside and closed higher at 1.0581. The bias is bullish in nearest term retesting 1.0615/27 area. A clear break above that area could trigger further bullish pressure testing 1.0700 region. Immediate support is seen around 1.0550. A clear break below that area could lead price to neutral zone in nearest term testing 1.0500 – 1.0450 support area.
The EURUSD attempted to push higher yesterday topped at 1.0684 but closed lower at 1.0612. The bias is neutral in nearest term probably with a little bearish bias testing 1.0550/00 support area. Overall I remain neutral, but as you can see on my H1 chart below price is moving inside a bullish channel after bounced from 1.0350 support suggests a valid bullish phase. Immediate resistance is seen around 1.0650.
A clear break above that area could trigger further bullish pressure testing 1.0700 area.
The EURUSD had a bullish momentum last week topped at 1.0684 but traded a little bit lower earlier today hit 1.0602. The bias is neutral in nearest term. As you can see on my H1 chart below, price is moving inside a bullish channel suggests a valid bullish phase after bounced from 1.0350 support area. Immediate support is seen around 1.0600. A clear break below that area could trigger further bearish pressure testing 1.0550/00 support area. Immediate resistance is seen around 1.0690. A clear break and daily close above that area would expose 1.0800 – 1.0870 region this week.
