EURUSD – Bearish pressure continues to build

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Technical Monthly: Trading within a bearish channel formation. Trend line resistance is seen at 1.2546. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) continue to attract sellers. Consecutive negative months have been followed by a doji candle. Weekly: After posting a bearish Outside Week (week 16th April) the major currency pair has broken the Ending Wedge forma...
CategoriesEURUSD, Forex, Trade Ideas

Steve has traded and analysed financial markets for over 30 years. He started on the Baltic Exchange with Cargill Investor Services in 1987 trading Commodities. Following this Steve went on to work in a number of senior trading roles on LIFFE. From 1995, Steve then traded his own account, specializing in European Fixed Income markets. For many years he ran his own proprietary trading company, facilitating and educating traders. In 2012 he joined PIA-First and assisted in restructuring the company and help build it into one of the UK’s leading, award-winning independent research houses.