28 Nov 2014
EUR/USD bear bias for 1.2402/01 today – MarketChartist
FXStreet (Barcelona) - Steve Miley of MarketChartist, views EUR/USD bear bias for 1.2402/01 today and through 1.2359/58 next week, and shares the short-term outlook for the pair.
Key Quotes
“The risk Friday is lower to modest supports at 1.2433, maybe 1.2402/01.”
“Into early December, we see the bias back through the cycle low at 1.2358.”
“In fact, we see a more negative tone with the bearish threat to 1.2295/ 1.2240 weekly targets from 2012 into December”
“For year-end, the risk is lower, for 1.2145/35 and even the 2012 cycle low at 1.2042.”
Key Quotes
“The risk Friday is lower to modest supports at 1.2433, maybe 1.2402/01.”
“Into early December, we see the bias back through the cycle low at 1.2358.”
“In fact, we see a more negative tone with the bearish threat to 1.2295/ 1.2240 weekly targets from 2012 into December”
“For year-end, the risk is lower, for 1.2145/35 and even the 2012 cycle low at 1.2042.”