FA Stats: - Theresa May’s decision to step down had provided more uncertainty around the investors/traders, concerns over the next PM’s stance on Brexit. - Coming up this week: on 3 June: Manufacturing PMI 53.1 vs 52.5 - on 4 June: Service PMI 50.4 vs 5.60 - USD NFP Week.
TA Tactics: - Daily, Hammer candle (engulfing on demand zone). - 4h, Bullish engulfing candle, RSI Divergence.
S&D Zone: - Daily, demand zone @ 1.2550-1.2590 (its good to wait for a reversal/continuation pattern on smaller timeframe in this zone). - 4h, Support zone @ 1.2747 & 1,2930 (1.2865 is 50% Fib level).