EURUSD: 23 May 2014, Friday, 8.22am Singapore Time

EURUSD: 23 May 2014, Friday, 8.22am Singapore Time

Attached is a follow-up on the EURUSD forex pair

Market wants to fail the previous Reverse Shoulder Head Shoulder formation formed intradays.

Market decides not to allow EURUSD to rebound at all.

Donovan Norfolk Ang Technical Rating on EURUSD:

Bearish

Be careful:

Another sell off storm is in the brewing

Related Sell-off Signs
The Great Capital Exodus from Worldwide Bank Stocks (2014)
http://donovan-ang.blogspot.sg/2014/02/ftse-st-financial-index-2-february-2014.html

RELATED SELL OFF SIGNS: 
THE GREAT CAPITAL FLIGHT OUT OF EACH OF THESE BANK STOCKS
(Some are currently doing last ditch attempt to dead cat bounce and backtest critical support-turned-resistances)

Citigroup (U.S): http://donovan-ang.blogspot.sg/2014/02/citigroup-inc-3-february-2013-monday.html

DBS Bank (Singapore): http://donovan-ang.blogspot.sg/2014/02/dbs-3-february-2014-monday-1230am.html

HSBC Bank (U.K, Hong Kong): http://donovan-ang.blogspot.sg/2014/02/hsbc-holdings-hkse-3-january-2014.html

OCBC (Singapore): http://donovan-ang.blogspot.sg/2014/02/ocbc-bank-3-february-2014-monday-240am.html
JP Morgan (U.S): http://donovan-ang.blogspot.sg/2014/02/jp-morgan-3-february-2014-monday-757am.html
Bank of America (U.S): http://donovan-ang.blogspot.sg/2014/02/bank-of-america-3-february-2014-monday.html

RELATED: THE GREAT CAPITAL FLIGHT OUT OF EMERGING MARKETS:

http://donovan-ang.blogspot.sg/search/label/SET%20Index

Donovan Norfolk Ang

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