RobertPapon

Analysis and forecasts for EUR / USD at the 21.06 / 16

FX:EURUSD   Euro Fx/U.S. Dollar
Fundamentals at the moment, supports the single currency, but keep in mind that the next polls can change the image on the Eurodollar market. From a technical point of view, the currency pair hovers just above the level of 1.1295, which last week was a strong resistance. If the demand side thoughts on further increases, the level should be defended. In this variant, we can count on further increases toward the maximum of Monday's 1.1383 and 1.1416 (peak of 9 June). In the longer term (several weeks) can be growth toward year's high of 1.1617.

Otherwise, breaking 1.1295 level (last maxima) and 1.1278 (Friday shutdown) may indicate that the increases were temporary and return towards the last minima. The first supply will head towards 1,1213-35. Further props will be levels 1.1189 and 1.1144.

Considering the confusion of the referendum in the UK and hence a large oscillation, which can foster this, you should be careful when making investment decisions.
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