We called this a few weeks ago. we still havwe a bullish outlook on this pair.
The pair has reached a resistant area and should be heading down as per our analysis
This is a long term ourtlook.
We are most likely to see a bounce back to the 1.4700 level in the coming 3-4 weeks. I am waiting for a perfect entry either at the 1.4200 level or 1.4500
we called it a while back.
After retracing to the approx. 62% area this pair will most likely continue on the dowtrend to hit newer lows in the coming weeks. I'll looking for opportunities to go short.
This is how it most likely will play out. This pair is not on my trading list though.
We might see prices drop down to 0.96859 level support level and and if the test fails it will drop to the next support at 0.95453, I have already collected 170 pips of the signal.
I still have a bearish outlook on this pair. However, If we close the week above 1.45620, I will be looking to long on a short term time frame.
The EUR continues to collapse after the Brexit.