The EURUSD has been on a decline since February 2018 and appears as though it may continue its descent towards the major support level at 1.0462.
Brexit may have a part to play in the decline but whether it does or not, we want to pay attention to the charts because the charts do not lie.
The December 2016 low to the February 2018 high is a 100% Fib Extension of...
A bearish bat setup that requires further confirmation, ie a break of support retraces to form a lower-high to engage the trade for a shorting opportunity. Target may extend further as I believe AUDUSD may have a depreciation that will catch many traders unexpected.