As the EU Referendum approaches we can see a massive fall in price for the euro we can expect this to drop to around 0.7330. this break the current channel that is beginning to form, we have had a massive sell off at 0.7950 we see this continuing/
We have decided to do a quick breakdown of the possible outcomes for the euro following the BREXIT! This is what we have come up with. A lot of people suggested a short for the EURUSD last week, however we need a strong daily bearish candle stick to break the channel in order to confirm this. As you can see last week we tried to break the channel but quickly...
As you can see we are in a long term up trend at the moment and are approaching a supply level up top. WE could see a potential from this area with targets 0.8000 and 0.7960.
Price seems to have taken a rest from the fall at around 1.4100 (support) Structure is currently portraying a possible buy up to 1.4600 If we can can get a break through 1.4400 then 1.4600 is definitely in the playing cards.
Trade Safe :)
Hi FTC are new to tradingview but we aim to share our anaylsis from time to time to help out traders. We always consider two possible outcomes in the markets. Currently we are seeing strong rejection from 1.0500 level this is due to weekly demand levels. We are now looking for a bullish breakthrough 1.1000 levels and a potential target of 1.1400. However if we...
