The EURUSD was indecisive yesterday. Price attempted to push higher earlier today topped at 1.2323 but whipsawed to the downside and hit 1.2215 at the time I wrote this comment. The bias is bearish in nearest term testing 1.2175. A clear break and daily close below that area could trigger further bearish pullback testing 1.2090 area.
Immediate resistance is seen around 1.2260. A clear break above that area could lead price to neutral zone in nearest term retesting 1.2323. Overall, as long as stay above the trend line support I remain bullish and any downside pullback should be seen as a good opportunity to buy.
The EURUSD attempted to push higher yesterday topped at 1.2323 but whipsawed to the downside bottomed at 1.2177 and hit 1.2165 earlier today in Asian session. The bias remains bearish in nearest term especially if price able to make a clear break and consistent movement below 1.2175 testing 1.2090 region.
Immediate resistance is seen around 1.2215. A clear break above that area could lead price to neutral zone in nearest term testing 1.2260 or higher. Overall as long as stay above the trend line support I remain bullish and any downside pullback should be seen as a good opportunity to buy.
The EURUSD attempted to push higher last week topped at 1.2323 but closed lower at 1.2220, formed a bearish pin bar on weekly chart. Price gapped higher earlier today opened at 1.2269 but traded lower and hit 1.2216. The bias is bearish in nearest term testing 1.2175. A clear break and daily close below that area could trigger further bearish pressure testing 1.2090 support area.
Immediate resistance is seen around 1.2271 (current high). A clear break above that area could lead price to neutral zone in nearest term retesting 1.2323 key resistance which need to be clearly broken to the upside to resume the major bullish scenario targeting 1.2450 – 1.2500 this week.
The EURUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.2213 but closed higher at 1.2260. The bias is neutral in nearest term. Price has been moving sideways between 1.2323 – 1.2175 range area as you can see on my daily chart below and we need a clear break from that range area to see clearer direction.
Overall I remain bullish but need a clear break above 1.2323 to resume the major bullish trend testing 1.2450 – 1.2500 region this week. Immediate support is seen around 1.2230. A clear break below that area could trigger further bearish pressure testing 1.2175.
The EURUSD continued its bullish momentum last week topped at 1.2537 but closed a little bit lower at 1.2428. The bias is neutral in nearest term. We have an interesting fact as you can see on my daily chart below, where an inside bar appeared after a bearish pin bar (which is also the “mother” bar).
Overall I remain bullish but a clear break and daily close below 1.2363 (the low of the “mother” bar) could trigger further bearish pullback testing 1.2290 – 1.2175 support area this week. On the upside, we need a clear break above 1.2537 to resume the major bullish trend testing 1.2600 – 1.2675 resistance area.
The EURUSD was indecisive yesterday. It’s been a choppy market this week ahead of FOMC statement on Thursday and US NFP number on Friday. The bias is neutral in nearest term. Overall I remain bullish but price is in a consolidation zone between 1.2330 – 1.2537 range area which need to be broken to see clearer direction. The bearish pin bar still suggests a potential bearish correction, but need a clear break below 1.2330 to confirm the bearish scenario.
On the upside, only a clear break above 1.2537 would invalidate the bearish pin bar scenario and resume the major bullish trend.
The EURUSD had another indecisive movement yesterday. The market remains in a consolidation mode ahead of US NFP on Friday. Overall I remain bullish but as long as stay below 1.2537 the bearish pin bar scenario should remain valid. Immediate support is seen around 1.2380. A clear break below that area could trigger further bearish pressure testing 1.2330 support area which need to be clearly broken to the downside to confirm the bearish pin bar scenario testing 1.2175 area. Immediate resistance is seen around 1.2475.
A clear break above that area would retest 1.2537 key resistance which need to be clearly broken to the upside to invalidate the bearish pin bar scenario and resume the major bullish trend.
The EURUSD had a bullish momentum yesterday topped at 1.2522. The bias is bullish in nearest term especially if price able to make a clear break above 1.2537 which would invalidate the bearish pin bar scenario testing 1.2600 or higher.
Immediate support is seen around 1.2475. A clear break below that area could lead price to neutral zone in nearest term testing 1.2430/00 region but key support remains at 1.2330 area. Fundamental focus today will be on the US NFP number. Overall I remain bullish but need a clear break above 1.2537 to resume the major bullish trend.
The EURUSD was indecisive last week formed a Doji on weekly chart. Price is trapped between 1.2537 – 1.2330 range area as you can see on my daily chart below and we need a clear break from that range area to see clearer direction. The bias is neutral in nearest term. Overall I remain bullish but need a clear break above 1.2537 key resistance to invalidate the bearish pin bar scenario testing 1.2600 or higher.
Immediate support is seen around 1.2400. A clear break below that area could trigger further bearish pressure testing 1.2350/30 support area.
The EURUSD was indecisive yesterday. Price slipped below the range area as you can see on my daily chart below but closed back inside the range area which keeps price in a consolidation mode. The bias is neutral in nearest term. Overall I remain bullish but need a clear break above 1.2537 to continue the major bullish trend testing 1.2600 – 1.2670 region.
On the downside, a clear break below 1.2330 key support would expose 1.2270 – 1.2175 support area. Immediate resistance is seen around 1.2435. A clear break and daily close above that area could trigger further bullish pressure testing 1.2500/37 region.
