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 in the previous comment we believe that if there is a Brexit next week, the euro would not to behave as a safeheaven, but rather to see the euro under big pressure on fear of further discord with the region.
Please remind yourself that this is just my personal view on the market. My analysis should NOT serve as any recommendation to buy or to sell.
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