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EURUSD Forecast
The EURUSD was volatile yesterday but overall still able to maintain its bullish correction bias, topped at 1.3246 and closed at 1.3211. The bias remains bullish in nearest term especially if price able to make another break above 1.3250 targeting 1.3300 – 1.3350. Immediate support at 1.3180. Break below that area could trigger further bearish pressure testing 1.3100 – 1.3055. As long as price moves inside the minor bullish channel (blue) we are still in bullish correction phase. The major scenario remains bearish but need a move below the minor bullish channel and 1.3055 to potentially end the bullish correction and continue the bearish scenario testing 1.2920 region.

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EURUSD Forecast
The EURUSD was corrected higher yesterday after failed to break below 1.2968, topped at 1.3181 and closed at 1.3124. The bias is bullish in nearest term especially if price able to make a clear break above the trend line resistance (white) and 1.3181 area testing 1.3250 – 1.3300 but note that as long as price moves inside the bearish channel we are still in a major bearish outlook. I still prefer a bearish scenario but need a clear break below 1.3055 to see further bearish continuation and potentially end the bullish correction targeting 1.2968 – 1.2920 this week.



GBPUSD Forecast
The GBPUSD continued its bullish correction yesterday but ...

EURUSD Forecast
The EURUSD continued its bearish momentum yesterday, bottomed at 1.2968 and closed at 1.2995. The bias remains bearish in nearest term targeting 1.2920 especially if price make another break below 1.2968. Immediate resistance at 1.3055. Break above that area could lead us to neutral zone in nearest term testing 1.3100 region. There is no significant bullish correction since the break below the bullish channel so any upside rebound is normal but overall we are still in strong bearish phase.



GBPUSD Forecast
The GBPUSD slipped below 1.5500 yesterday, but whipsawed to the upside, topped at 1.5594 and closed at 1.5570. The bias is neutral ...

EURUSD Forecast
The EURUSD continued its bearish pressure yesterday, bottomed at 1.3063 and closed at 1.3099. This fact opens the door for further bearish scenario targeting my weekly target around 1.2920 region. The bias remains bearish in nearest term testing 1.3000 especially if price able to stay consistently below 1.3100. Immediate resistance at 1.3150 (current high). Break above that area could lead us to neutral zone in nearest term testing 1.3200 but overall we are still in strong bearish phase.



GBPUSD Forecast
The GBPUSD attempted to push higher yesterday, topped at 1.5646 but whipsawed to the downside, bottomed at 1.5527 and closed 1.5547. The ...