EUR/USD broke resistance (between 1.12 - 1.11) in its bullish channel after BREXIT.
The pair could move to 1.12 before falling to 1.08 in its minor bearish channel = Minor Bullish & Major Bearish
MONTHLY: Bearish Channel, Bullish Major Trendline Support
WEEKLY: Bearish Channel, Bullish Minor Trendline Support has been broken (BREXIT)
DAILY: Major Bullish Chanell has been broken (BREXIT), Minor Bearish Channel
CONCLUSION: Overall Short/Bearish
The pair could move to 1.12 before falling to 1.08 in its minor bearish channel = Minor Bullish & Major Bearish
MONTHLY: Bearish Channel, Bullish Major Trendline Support
WEEKLY: Bearish Channel, Bullish Minor Trendline Support has been broken (BREXIT)
DAILY: Major Bullish Chanell has been broken (BREXIT), Minor Bearish Channel
CONCLUSION: Overall Short/Bearish
Note
I'm waiting for Shorts around 1.12 - 1.11
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.