EURUSD Topping Risk Whilst Capped by 1.3815; Threat of Bear Shift through 1.3695

EURUSD sees a better top below 1.3695

• A mini bearish outside pattern to maintain the negative tone, whilst capped by our flagged modest resistance at 1.3815.
• We restate our view throughout the week from our client reports that “although we still see a range theme defined by the 1.3705/3695 support props and the 1.3965 cycle high, the risk is to the downside”.
• We still see threat of a better top after the previous break through chart/ trend line supports with growing risk for a bearish shift below 1.3695 in early April.
• WHAT CHANGES THIS?
• Downside: Below 1.3695 signals a more bearish shift to aim for a chart prop at 1.3645, maybe even for 1.3565/55.
• Upside: Above 1.3965 re-energizes bull risk for 1.4000 and maybe above (to 1.4135).

Please see full report with levels and latest audio-visual analysis here: http://members.marketchartist.com/Daily/EURUSD.pdf

Daily EURUSD