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 Still Capped By 1.3730/35; Late May Risk to 1.3520

Posted by on in Miscellaneous
  • Font size: Larger Smaller
  • Hits: 1074
  • 0 Comments
  • Print
EURUSD Still Capped By 1.3730/35; Late May Risk to 1.3520

EURUSD negative tone leaves late May bear bias for 1.3520

·         A grind lower Thursday to reinforce the negative outside Wednesday pattern through notable chart support from Feb at 1.3645 to reinforce the bearish tone.

·         Whilst capped below 1.3730/35, we see risk for a better push below 1.3645/35 to aim for the key 1.3520 retrace level

·         The previous break below 1.3672 completed a bigger Double Top and a still more bearish shift.

·         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 1.3775 eases bear risks; through 1.3905 signals a neutral tone, only shifting positive above 1.4000.

 

Daily EURUSD Chart

b2ap3_thumbnail_EURUSD2.png

 

 

2 hour EURUSD Chart

b2ap3_thumbnail_EURUSD1.png

Last modified on
Rate this blog entry:
0
Tagged in: Bearish 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.

Comments

Affiliates

  • affiliatelogos.png

    affiliatelogos.png

    http://marketchartist.com/images/ju_cached_images/affiliatelogos_de12be95961a34964fbe2cc58e37df0c_90x50.resized.png

Clients

  • users1.png
    http://marketchartist.com/images/ju_cached_images/users1_0297181ced201bef1d0be0edad7d35b7_90x50.resized.png
  • users2.png
    http://marketchartist.com/images/ju_cached_images/users2_f6e801b34899027c934a180c85c5adb5_90x50.resized.png
  • users3.png
    http://marketchartist.com/images/ju_cached_images/users3_1c98bd664c7fb1fed159fa904ba68ddb_90x50.resized.png
  • users4.png
    http://marketchartist.com/images/ju_cached_images/users4_332a54b55287baf99179d26bb7979ae1_90x50.resized.png