We would expect EUR/USD to drop 2.50/3.00% in the event of a Brexit. The EUR/USD rate has moved about 20% as much as GBP/USD in reaction to the most recent poll releases. The target is positioned @ 1.0974. As we mentioned we believe that if there is a Brexit next week, the euro would not to behave as a safe heaven, but rather to see the euro under big pressure on fear of further discord with the region.
This is my view: