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EUR/FJD - Euro Fiji Dollar

Real-time Currencies
Currency in
FJD
Disclaimer
2.4643
-0.0016(-0.06%)
Real-time Data

EUR/FJD Discussions

The EURUSD had a bullish momentum yesterday topped at 1.1263 and now struggling around 1.1250 key resistance. The bias is bullish in nearest term especially if price able to make a consistent movement above 1.1250 retesting 1.1350 region. Immediate support is seen around 1.1200. A clear break below that area could lead price to neutral zone in nearest term testing 1.1150/25 support area and keep the bearish phase since fell from 1.1350 remains intact. My major technical outlook remains neutral.
The EURUSD was indecisive yesterday but overall still able to maintain its bearish bias, made another lower high and low. The bias remains bearish in nearest term testing 1.0950 as a part of the bearish scenario after formed a shooting star formation as you can see on my daily chart below. A clear break and daily close below 1.0950 could trigger further bearish pressure targeting 1.0800 area. Immediate resistance remains around 1.1070 (former support). A clear break above that area could lead price to neutral zone in nearest term testing 1.1120 (visit my profile to get more details) but overall I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
The EURUSD had a bearish momentum last week but still unable to make a clear break below 1.1070 support area as you can see on my H1 chart below. The bias is neutral in nearest term probably with a little bullish bias testing 1.1170 area. A clear break above that area could trigger further bullish pressure testing 1.1250 which need to be clearly broken to the upside to continue the bullish scenario (after break above the trend line resistance)(Visit my profile for more details) targeting 1.1500 region. On the downside, a clear break and daily close below 1.1070 would be a threat to the bullish scenario retesting 1.1080 region.
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