Steve Miley is - The Market Chartist

Financial Market Technical Chart Blogs from Steve Miley - The Market Chartist

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

EURUSD Bear Gap Sees Shift to Broader Range Theme

Posted by on in FX Chart Updates
  • Font size: Larger Smaller
  • Hits: 1148
  • Print
EURUSD Bear Gap Sees Shift to Broader Range Theme

A bear gap Monday (currently 1.1042-1.1129) through 1.1048 to signal a shift to a broader range environment.

This also signal a very indecisive tone into Monday.

For Today: We see a neutral tone between 1.0951 and 1.1042 (with a negative bias)

  • Break below 1.0951 aims for 1.0912, maybe 1.0819, which we would look to try to hold.
  • Break above 1.1042 aims for 1.1129, which we would look to try to cap.

Short/ Intermediate-term Range Parameters: We see the range defined by 1.1436 and 1.0819.

Range Breakout Challenge

  • Upside: Above 1.1436 aims higher for 1.1467, 1.1534 and 1.1680.
  • Downside: Below 1.0819 sees risk lower for 1.0658, 1.0520 and 1.0459.

Remember, for a FREE trial of our FX and all other reports, sign up by clicking here

2 Hour EURUSD Chart


Daily EURUSD Chart 


Last modified on
Rate this blog entry:
Tagged in: EUR Euro EURUSD Forex FX

Steve Miley is The Market Chartist and has over two decades of financial market experience with him. He spent 2009-2012 as a Director of the FX Technical Analysis Research Strategy team at Credit Suisse and was previously at Merrill Lynch for 15 years; 10 years as a technical analyst, 5 years in Fixed Income sales.

He was 2013 winner of the Technical Analyst Magazine Award for Best Independent Fixed Income Research & Strategy, Runner Up for the same award in 2014 and was the winner of Best FX Research & Strategy 2012 (at Credit Suisse).

Steve is a Member of the Society of Technical Analysts (MSTA) and holds a Masters Degree in Politics, Philosophy & Economics from Lincoln College, Oxford University.

Steve has covered all major asset classes including Rates & Credit, G10 & EM currencies, Equity Indices & Sectors and Commodities and has strong relationships across the institutional financial trading spectrum, including Central Banks, Real Money accounts, Hedge Funds and other Global Corporates.



  • affiliatelogos.png



  • users1.png
  • users2.png
  • users3.png
  • users4.png