But just because the UK is fickle on leaving the EU for the WTO, its still not sure if ready to make the jump. EURUSD in the upcoming week will almost entirely be moved by Brexit, however concerns over a slowdown in European growth may be justified with more weak EU data, particularly in central bank speak on Tuesday, German CPI on Thursday, and unemployment...
The headline kind of describes this trade. Not much else to say technically beyond this. Fundamentally, I'll keep it short. EU growth is quickly declining. I think Brexit will speed this up which is fast approaching. If you want some more words and charts on Brexit, you can check out my analysis here: anthonylaurence.wordpress.com
As far as EURUSD is in down trend, it is better to enter at golden pocket zone of fibo.
We can see nice price action playing out at this zone, we have a 3 candle stick rule to the down side, and 2 reverse hammer on a down trend. Mi ratio is 2:3 wich is not bad for this quick intra day trade. I will see how it will play out
Esto es lo que veo que puede pasar en estas proximas 24 a 48 horas no soy el financial advisor de nadie, porfavor si toman este trade arriengen solo lo que si cuenta aguante y con un lotaje de 0.01 por cada $100
EURUSD Watch for retest I feel should be due for a retrace or reversal Love to hear your ideas
Fundamentally the Euro is weak against the USD: crisis in Italy, problems in Greece, the last IFO projection (for exports) negative, zero interest rates, ... The technical analysis confirms this view. From 1.23$ (per Euro) it fell rapidly and reached the support zone between 1.14 and 1.16$. On the lower side of this zone is a fib retracement 38,2%; above there is...
Price is near those levels and would be pushing the price down and breaks the neckline strongly wait to see clearly signal Good luck! :)
As long as this line does not break we can take short positions. >>> Follow me for more Charts <<< Good luck :)
If you like to trade long-term, this is what I see, hope it helps. Good luck! Would you like to receive more charts, please follow me :)
There are a good triangle and trend line and should see which leg of triangle will be broken soon and then we will go on that way Good Luck! :)
Euro doped as anticipated before and we are looking for the next target be careful entering after any correction 1.0600