The EURUSD had a bearish momentum yesterday slipped below the bullish channel but still unable to break break below 1.0650 key support and H4 EMA 200 as you can see on my H4 chart below. The bias is bearish in nearest term but we need a clear break below 1.0650 to confirm the bearish reversal scenario with nearest target seen at 1.0500 region. Immediate resistance is seen around 1.0730. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish phase remains valid testing 1.0800 area.
The EURUSD had a bearish momentum yesterday but still unable to make a clear break below 1.0650 key support. The bias is bearish in nearest term especially if price able to make a clear break below 1.0650 testing 1.0600 region. Immediate resistance is seen around 1.0700. A clear break above that area could lead price to neutral zone in nearest term testing 1.0750 – 1.0800 area. On the downside, a clear break and daily/weekly close below 1.0650/00 would expose 1.0500 or lower next week.
The EURUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.0855 but closed higher at 1.0903. The bias is neutral in nearest term. Immediate support is seen around 1.0850. A clear break below that area could trigger further bearish pressure testing the pre-gap level at 1.0730 region.
Immediate resistance is seen around 1.0950 (double top). A clear break and daily close above that area would expose 1.1000 – 1.1050 region. Overall I remain neutral.
The EURUSD had a bullish momentum last week, topped at 1.0998 and hit 1.1021 earlier today in Asian session. Price traded lower around 1.0970 at the time I wrote this comment but the recent bullish trend is likely to continue after price broke above the range area as you can see on my H1 chart below testing 1.1050 as nearest target. The bias is bullish in nearest term.
Immediate support is seen around 1.0950. A clear break back below that area could lead price to neutral zone in nearest term but only a clear break back below 1.0850 would interrupt the current bullish trend testing the pre-gap level at 1.0730.
The EURUSD attempted to push lower last week slipped below 1.0850 key support but closed higher at 1.0931. The bias is bullish in nearest term testing 1.0950. A clear break above that area would expose 1.1020 region.
Immediate support is seen around 1.0900. A clear break below that area could lead price to neutral zone in nearest term retesting 1.0850 key support which remains a good place to buy with a tight stop loss as a clear break and daily close below that area would expose the pre-gap level at 1.0730. Overall I remain neutral.
The EURUSD continued its bullish momentum yesterday topped at 1.1097. The bias remains bullish in nearest term testing 1.1120. A clear break above that area would expose 1.1185 area.
Immediate support is seen around 1.1060. A clear break below that area could lead price to neutral zone in nearest term testing 1.1020 area which is a good place to buy with a tight stop loss. Price is traded above daily EMA 200 and we have a valid trend line support as you can see on my daily chart below suggests a valid bullish outlook.
The EURUSD continued its bullish momentum yesterday top at 1.1162 and hit 1.1171 earlier today in Asian session. The bias remains bullish in nearest term testing 1.1185 area. A clear break and daily close above that area could trigger further bullish pressure testing 1.1300 – 1.1350 area.
Immediate support is seen around 1.1120. A clear break below that area could lead price to neutral zone in nearest term but only a clear break below 1.1020 would interrupt the current strong bullish bias. I am bullish on this pair.
The EURUSD was corrected lower yesterday bottomed at 1.1075. The bias is bearish in nearest term. Overall I still prefer a bullish scenario, but we have a V top formation as you can see on my H1 chart below suggests a potential bearish pullback scenario especially if price able to move consistently below 1.1080 (neckline) targeting the H1 EMA 200 and 1.1020 support area.
Immediate resistance is see around 1.1135. A clear break above that area could lead price to neutral zone in nearest term testing 1.1171/85 key resistance which need to be clearly broken to the upside to continue the bullish scenario targeting 1.1300 – 1.1350 region.
The EURUSD had a bullish momentum last week topped at 1.1211. The bias is bullish in nearest term testing 1.1300 – 1.1350 area. Immediate support is seen around 1.1175 – 1.1150. A clear break below that area could trigger further bearish pullback testing 1.1080 but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
On the upside, a clear break and daily close above 1.1350 could trigger further bullish pressure testing 1.1600 region this week (weekly EMA 200).
The EURUSD attempted to push higher yesterday topped at 1.1712 but closed lower at 1.1645. As you can see on the daily chart above, we have a bearish pin bar formation. We know that 1.1712 is a major and important resistance (2015 high).
It is clear that the bulls are still in control here, but a bearish pin bar formed at that kind of key level should never to be underestimated. In fact, from a risk/reward ratio point of view, it provides a great trading opportunity as the potential target can be hundreds of pips while the risk is only above 1.1712. The bias is bearish in nearest term testing 1.1580. A clear break below that area could trigger further bearish pressure testing 1.1500 region.
On the upside, a clear break above 1.1712 would cancel the bearish pin bar scenario and reactivate the bullish mode with nearest target seen at 1.1750 – 1.1875 region.
