KrunchieKilleen

EUR/USD: IS THIS THE BOTTOM OF THE DOWN-SWING?

FX:EURUSD   Euro / U.S. Dollar
73 0 3
Early in the year I drew a projected up-slope for 2016, following the historical uptrend norm. The rise in the Euro             against the US Dollar             soon accelerated to a faster slope, but recent weeks have seen a down-swing, bringing us back to the projected line. The BREXIT referendum (scheduled for 23 June 2016) is obviously making investors nervous about betting on the Euro             (and GBP) for fear of the currency plunging in the event of a "Leave" decision. Judging by the chart alone, one would guess that the down-swing has now reached its bottom point, but the nervousness about BREXIT could drive it further down. The most likely result would be to Remain in the EU, in which case we will see a spike. The next few days will show whether the down-swing is over or will continue until close to referendum day.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out