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EURUSD hits 11 year low; 2015 risk to PARITY!!

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EURUSD hits 11 year low; 2015 risk to PARITY!!

EURUSD crashes through 2005 low at 1.1641 for multi-year top!

As we highlighted here this morning, a break below 1.1641, the 2005 low sets a more significant, long term top for EURUSD.

Bearish pressures now sees risk to significantly lower targets:

  • For January risk is to 1.1381 and 1.1210, the latter the 61.8% retrace of the entire 2000-2008 bull rally.
  • For Q1, maybe as low as the September 2003 key swing low at 1.0765.
  • For 2015, the overshoot threat is to PARITY and just below, .9900, the 78.6% retrace of the entire 2000-2008 bull rally.

To view this morning's full EURUSD report with screencasts, click here

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


Monthly EURUSD



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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.



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