The technical situation on the Eurodollar market remained virtually unchanged, despite the volatility we have seen in recent days. Currency pair moves continuously in the vicinity of a strong zone 1,1300-30, which I think is crucial for further direction. Looking more broadly at the eurodollar market, we can see that the traffic growth, which was launched in December last year is in full swing. Especially well it can be seen on the chart with the interval of the day, who presented below.
In case of victory of supporters remain in the EU single currency will gain. The purpose of the demand for this embodiment will last peaks at levels of 1.1416 and 1.1617.
In the case of Brexitu investors flowing in the direction of the dollar. At the moment, hard to estimate the scale of declines, while the first props will level 1,1136-44, followed by 1.10 and 1.0825. Personally, I think that Britain will remain in the structures of the EU, which will drive further growth. Bearing in mind the nature of the pigeons of the last FOMC meeting, the dollar should soon lose.
Turning now to the end only to the Thursday session, it seems that the dominant party should be the demand side. Recent polls show from 23:00 to lead supporters of the EU, which should support the demand. Keeping the eurodollar rate above the level of 1.1295, it will be a clear signal for the further growth. In this case, we should head for the resistance level at 1.1416 and 1,1376-82.
Alternative version of a return towards level 1,1213-37, after earlier defeat of support 1.1295.
In case of victory of supporters remain in the EU single currency will gain. The purpose of the demand for this embodiment will last peaks at levels of 1.1416 and 1.1617.
In the case of Brexitu investors flowing in the direction of the dollar. At the moment, hard to estimate the scale of declines, while the first props will level 1,1136-44, followed by 1.10 and 1.0825. Personally, I think that Britain will remain in the structures of the EU, which will drive further growth. Bearing in mind the nature of the pigeons of the last FOMC meeting, the dollar should soon lose.
Turning now to the end only to the Thursday session, it seems that the dominant party should be the demand side. Recent polls show from 23:00 to lead supporters of the EU, which should support the demand. Keeping the eurodollar rate above the level of 1.1295, it will be a clear signal for the further growth. In this case, we should head for the resistance level at 1.1416 and 1,1376-82.
Alternative version of a return towards level 1,1213-37, after earlier defeat of support 1.1295.
Comment:
Recent polls indicate a victory for supporters to remain in the EU. Most likely, next week we will see further gains towards 1.1495.