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EURUSD Forecast
The EURUSD continued its bullish momentum on Friday broke above 1.3650 and hit 1.3715 earlier today in Asian session but corrected lower around 1.3670 at the time I wrote this comment. The bias is bullish in nearest term especially if price able to make another clear break above 1.3743 re-testing 1.3800 – 1.3860 key resistance area. On the downside, a move below 1.3650/30 support area could trigger further bearish pullback testing 1.3550.



GBPUSD Forecast
The GBPUSD continued its bullish momentum on Friday and now seems ready to test 1.6300 key resistance area. The bias remains bullish in nearest term ...

EURUSD Weekly Summary: Bullish flag broken, Euro could continue the bullish run to 1.3860 or higher
The EURUSD slipped below 1.3500 this week, but found a good support around 1.3420 area before bounced significantly higher and hit 1.3714 on Friday. As you can see on my daily chart below, the bullish flag is broken out to the upside, suggests potential bullish continuation scenario which started from 1.2873. This fact not only open the door for further bullish run testing 1.3800 – 1.3860 key resistance area, but could create a bigger bullish scenario testing 1.4200 – 1.4300. Immediate support is seen around 1.3650 followed by 1.3550. A break below 1.3550 could cancel the bullish flag upside scenario re-testing 1.3420 key support level. ...

EURUSD Forecast
The EURUSD still able to maintain its bullish intraday bias so far and now struggling around the trend line resistance as you can see on my h1 chart below. The bias remains bullish in nearest term but would need a convincing move above the trend line resistance and a clear break above 1.3650 (50% Fibo retracement of 1.3860 – 1.3427) to continue the bullish scenario targeting 1.3743 before testing 1.3800 – 1.3860 key resistance area. Immediate support at 1.3540. A failure to make a clear break above the trend line resistance and a consistent move below 1.3540 would change the intraday bias to bearish testing 1.3470 – 1.3420 key support area.

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EURUSD Forecast
The EURUSD made another volatile movement yesterday but overall still maintain its bullish correction phase after strong rejection to move below 1.3470 support area. The bias is bullish in nearest term testing the trend line resistance and 50% Fibo retracement of 1.3860 – 1.3427 around 1.3650. For me, as long as price stays below 1.3650 the current bullish move still considered as corrective move and don’t forget that overall price still trapped in range area of 1.3800 (1.3860) – 1.3500 (1.3420) and still looking for a new direction. A clear break above 1.3650 could trigger further bullish momentum testing 1.3743 which would open the door for further bullish scenario testing 1.3800 – 1.3860. Immediate support at ...