All Blog Entries

EURUSD Forecast
The EURUSD continued its bullish momentum yesterday after break above 1.3669 – 1.3687 resistance area (now support), topped at 1.3743 but corrected lower earlier today in Asian session hit 1.3688. On h1 chart below we can see price still moving inside the minor bullish channel since bounced from 1.3507 suggests that we are still in bullish intraday outlook especially if price able to make a clear break above 1.3740 targeting 1.3800 – 1.3860 key resistance area. On the downside, a movement below the minor bullish channel and consistent move back below 1.3669 could trigger further bearish pressure testing 1.3600 – 1.3570 support area even re-testing 1.3500 key support area. Key support/resistance: 1.3500 – 1.3800. ...

EURUSD Forecast
The EURUSD slipped above 1.3669 yesterday, topped at 1.3687, which is the 50% Fibo retracement of 1.3680 – 1.3507 but still unable to stay consistently above 1.3669 so far. Overall there are no significant technical changes and price still trapped in range area of 1.3500 – 1.3800 suggests that price still in consolidation phase, still looking for a new direction. After the false breakout above 1.3800, overall bias should remains to the downside for now unless price breaks above 1.3687 which would change the intraday technical bias to bullish re-testing 1.3800 after the failure to break below 1.3500 on Monday. Immediate support at 1.3600 – 1.3570. Break below that area could trigger further bearish pressure re-testing ...

EURUSD Forecast
The EURUSD was volatile but indecisive yesterday, made a Doji on daily chart. Price attempted to push lower, bottomed at 1.3507, but closed higher at 1.3578 and hit 1.3614 earlier today in Asian session. We saw another buying activity around 1.3500 support area which keep us in range market between 1.3500 – 1.3800. On the upside, immediate resistance at 1.3625. Clear break above that area could trigger further bullish pressure testing 1.3669. Clear break above 1.3669 could open the door for further upside pressure re-testing 1.3800 key resistance area.



GBPUSD Forecast
The GBPUSD slipped above 1.6170 yesterday, ...

The EUR pairs are almost all ready to move higher, they are at the bottom of their cycles and look ready to reverse back to the upside. All of them are oscillating with the exception of the EUR/CHF.

EUR/USD – set buy alarm at 1.3640, target is 1.3800 area
EUR/GBP – set buy alarm at 0.8455, target is 0.8650
EUR/CAD – set buy alarm at 1.3515. target is 1.3700
EUR/AUD - set buy alarm at 1.3440, no nearby resistance
EUR/CHF – this pair has been consolidating for over two weeks but appears ready to breakout, set buy alarm at 1.3075, no nearby resistance.

When the price alarms hit verify any buy entries with The Forex Heatmap ™ and look for EUR strength or cross currency weakness or both. ...