What does happen till and after the 23. July? Feel free to comment, Brexit or Bremain?
Head and shoulders traders faked in on neckline break and stops have been run into daily Lego block (tm). A hold above 1.43 will see upside stops taken, once the public realise a Brexit will never be allowed by the powers that be.
This pair has been a headache over the past few days. However, I think I have finally figured what this pair has been up to: - The market underestimated the possibility of a rate hike in June until the last FOMC Meeting Minutes on May 18th. This explains the lack of real sustainable rallies since the one that took place on the 3rd of May. - The FED has stated...