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The EURUSD continued its strong bullish momentum this week after made a clear break above 1.4281 key resistance area and closed at 1.4483 on Friday. On my h4 chart below we can see price still moving smoothly inside the bullish channel. The white trend line, is actually the upper line of the bearish channel on weekly chart and already broken to the upside, suggests potential failure of the bearish weekly outlook at least testing December 2008 high at 1.4718 next week. On the downside, bearish correction warning and bullish exhaustion indicated by a CCI divergence which could test 1.4350 support area.

Have a great weekend and see you guys next week.

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GBPUSD  Forecast
The GBPUSD had a strong bullish momentum yesterday, triggered by a better than expected UK Servioes PMI number and broke above 1.6300 resistance area. The bias is bullish in nearest term targeting 1.6400. However note that actually from a daily chart outlook like I said yesterday, price still moves in a sideways condition. We need a clear break above 1.6400 to continue the bullish scenario testing 1.6500 ??? 1.6700 area. Immediate support at 1.6275. A clear break below that area would lead us to neutral zone in nearest term testing 1.6170/50 support area and keep us in a sideways outlook, still looking for a new direction.

This daily overview video features a technical analysis of the major currency pairs following the excess volatility demonstrated by the Forex market yesterday. Posted on Forex Video Zone.

Watch this daily currency outlook in a form of video technical analysis for the major currency pairs. It talks about getting into the profitable trading opportunities before the FOMC release today. Posted on Forex Video Zone.

Watch this technical analysis video for major currency pairs, wait for the important fundamental releases that will be out this week, trade with the help of the technical levels described in the video. Posted on Forex Video Zone.

This daily Forex video outlook for October 28 focuses on EUR/USD and provides some technical levels for the other major currency pairs. Posted on Forex Video Zone.

Some insights relating EUR/USD and other major Forex pairs are presented in this daily currency outlook video for October 27, 2010. Posted on Forex Video Zone.

This technical analysis video offers some ideas regarding the important chart levels for the major currency pairs ahead of the important fundamental events later this week. The  anti-dollar and  pro-yen rallies will have to end soon. Posted on Forex Video Zone.

Expectation of the dollar appreciation creates the main topic for this daily video preview for the major currency pairs. It focuses on EUR/USD action today. Posted on Forex Video Zone.