EURUSD negative theme intact for 1.3520
A more significant erosion Friday to reinforce the bearish outside Wednesday pattern for a better push below key chart support from Feb at 1.3645.
The previous break below 1.3672 completed a bigger Double Top and a still more bearish shift.
We now aim for a minor prop at 1.3562 on the way to our key 1.3520 retrace target
Growing risk, however, is for a still more bearish theme, to even target the 2014 low at 1.3477.
The measured objective for the Double Top is closer to 1.3350.
WHAT CHANGES THIS?
- Above 1.3735 eases bear risks; through 1.3775 signals a neutral tone, only shifting positive above 1.4000.