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EURUSD Forecast For August 09th 2018

Krishnakant Posted 9 Aug.  in #Trader's blog #Eurusd Forecast For August 09Th 2018
Hi Friends,
The EURUSD was indecisive yesterday. The bias remains bullish in nearest term but 1.1620/30 area remains a good place to sell with a tight stop loss as a clear break above that area would expose 1.1670 – 1.1700 region. Immediate support is seen around 1.1575. A clear break below that area could lead price to neutral zone in nearest term testing 1.1500 key support area which need to be clearly broken to the downside to resume the major bearish trend.
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EURUSD Forecast For August 08th 2018

Krishnakant Posted 8 Aug.  in #Trader's blog #Eurusd Forecast For August 08Th 2018
Hi Friends ,
The EURUSD had a bullish momentum yesterday topped at 1.1608 and hit 1.1619 earlier today in Asian session. The bias is bullish in nearest term.The pair can move up upto 1.1650 – 1.1700 range. Immediate support is seen around 1.1580. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish scenario alive and kicking retesting 1.1500 key support area which need to be clearly broken to the downside to resume the major bearish trend.
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EURUSD Forecast For August 07th 2018

Krishnakant Posted 7 Aug.  in #Trader's blog #Eurusd Forecast For August 07Th 2018
Hi Friends,
The EURUSD was indecisive yesterday but overall still able to maintain its bearish bias and keep printing new daily lows since July 31. The bias remains bearish in nearest term . The pair needs to break bellow 1.1500 region to the downside to resume the major bearish trend. Immediate resistance is seen around 1.1610. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. On the downside, a clear break and daily close below 1.…
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EURUSD Forecast For August 06th 2018

Krishnakant Posted 6 Aug.  in #Trader's blog #Eurusd Forecast For August 06Th 2018
Hi Friends,
The EURUSD had a significant movement last week. Price attempted to push higher, topped at 1.1745 but whipsawed to the downside . The bias is bearish in nearest term testing 1.1500 key support area. Immediate resistance is seen around 1.1610. A clear break and daily close above that area could lead price to neutral zone in nearest term as direction would become unclear. On the downside, a clear break and daily close below 1.1500 would expose 1.1435/00 region or lower.
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EURUSD Forecast For August 03rd 2018

Krishnakant Posted 3 Aug.  in #Trader's blog #Eurusd Forecast For August 03Rd 2018
Dear Friends,
The EURUSD continued its bearish momentum yesterday bottomed at 1.1582. The bias remains bearish in nearest term especially if price able to break below 1.1575 testing 1.1500 key support which need to be clearly broken to the downside to resume the major bearish trend. Immediate resistance is seen around 1.1620. A clear break above that area could lead price to neutral zone in nearest term testing 1.1650 or higher. Fundamental focus today will be on the US NFP.
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EURUSD Forecast For August 02nd 2018

Krishnakant Posted 2 Aug.  in #Trader's blog #Eurusd Forecast For August 02Nd 2018
The EURUSD had a moderate bearish momentum yesterday bottomed at 1.1657 and hit 1.1653 earlier today in Asian session. The bias remains bearish in nearest term . Immediate resistance is seen around 1.1680. A clear break above that area could lead price to neutral zone in nearest term testing 1.1725/50 region which is a good place to sell with a tight stop loss as a clear break above 1.1750 would be a threat to the major bearish trend testing 1.1850 area. On the downside, a clear break below 1.15…
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EURUSD Forecast For August 01st 2018

Krishnakant Posted 1 Aug.  in #Trader's blog #Eurusd Forecast For August 01St 2018
Hi Friends,
The EURUSD attempted to push higher yesterday topped at 1.1745 but closed lower at 1.1690 and hit 1.1682 earlier today in Asian session.The bias is bearish in nearest term retesting 1.1600 – 1.1575 support area. Immediate resistance is seen around 1.1700. A clear break above that area could lead price to neutral zone in nearest term testing 1.1750 region which is a good place to sell with a tight stop loss as a clear break above 1.1750 would lead price to 1.1850 area. Fundamental foc…
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EURUSD Forecast For July 06 th 2018

Krishnakant Posted 6 July  in #Trader's blog #Eurusd Forecast For July 06 Th 2018
Dear Friends,
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Price is still in a short term bullish phase since bounced-off 1.1510 key support but still unable to break above 1.1720 resistance area . The major bearish trend remains valid. A clear break above 1.1720 would be a serious threat to the major bearish trend with a clear break above 1.1850 as confirmation of a new bullish trend. Immediate support is seen around 1.1650. A clear break below…
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EURUSD Forecast For July 05th 2018

Krishnakant Posted 5 July  in #Trader's blog #Eurusd Forecast For July 05Th 2018
Hi Friends! ,
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term probably with a little bullish bias.The major trend is bearish but price has been trapped between 1.1720 – 1.1510 range area for more than two weeks now. Immediate support is seen around 1.1630. A clear break below that area could trigger further bearish pressure testing 1.1590 region. On the upside, a clear break and daily close above 1.1720 would expose 1.1850 key resistance area. On th…
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EURUSD Forecast For July 04th 2018

Krishnakant Posted 4 July  in #Trader's blog #Eurusd Forecast For July 04Th 2018
Dear Friends,
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. A clear break and daily close above 1.1690 would confirm the invalidation of the bearish phase retesting 1.1850 area. On the downside, we need a clear break below 1.1590 to keep the bearish phase alive and kicking retesting 1.1530/00 key support which need to be clearly broken to the downside to resume the major bearish scenario.
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