Guhanak7
Short

EURUSD SHORT

FX:EURUSD   Euro Fx/U.S. Dollar
0.786 bounce on a important level of resistance, Wish you the best

BREXIT is fast approaching and it is reasonable to expect this outcome.
Comment: http://www.theguardian.com/politics/2016/apr/02/eu-referendum-young-voters-brexit-leave

This is a bit alarming, but supporting the trade idea posted above. We as traders have done our homework. Technical analysis is better than fundamental. Let's sit tight and let time play it's role.
Good analysis ! Thanks
+1 Reply
lookin on the hourly, there might be a head and shoulder forming to confirm your idea more
+1 Reply
Guhanak7 XNTIPXN
Yes ! I agree
Reply
Good work. But euro is too bullish to fall !!
Reply
Guhanak7 waterman
Yes I do agree Euro looks bullish but talking in two perspectives of EURUSD pair,
Fundamentally, The uncertainity of Brexit will make USD stronger than EUR
Technically , After detailed analysis using elliot wave concepts and price action, EURUSD looks bearish. If it reverses, I would expect a bounce at .886 and It is highly unlikely to break 1.17 level in the near future
Reply
waterman Guhanak7
I agree. You are right. But everybody knows Brexit will never happen !!
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Guhanak7 waterman
Yes !! I concur, it's highly unlikely. It's the undesired voting process that's going to cause volatility
Reply
i wait 1.19<
eurusd
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