Long way down. I expect some profit taking what will cause a bithigher rates.
Time to turn the position again. Bremain is a good day.
It has been retraced now and may be it will turn back down.
So it is worth trying if it holds.
The Euro is holding well. Thus I am turning my position around and go long now.
There has been no breakout yet but I assume it because of the pike 4 hours ago pointed to some pressure upwards.
We got a little intraday downtrend already about which we don't know whether it will become a major correction down. Let's be in with a not to large position.
The overall trend is down and has been corrected now.
The market is not as much convinced that there will be no Brexit. The probability has deminished somehow but not yet seized. We shall correct the rise of the Pound.
We saw a good rise after the fear of a Brexit has been fading. But until the polls a certain degree of uncertainty remains. Thus makes it likely that we see a retracement of this rally. The chart is supporting this.
Whether the uptrend will be reassumed or we shall see an upward correction I suppose..
It is a hammer with the body a bit to large. However, we reached a monthly resistance and former top-resistance level which has established from March to August 2013 already. This gives additional support to the Pound.
The heights of this afternoon couln't be reched any more. But 2 hours ago we saw a new low which has been retraced now. I assume that the downtrend may be continued now.
We are in a clear downtrend that has been corrected now so that we can continue.
We saw a large impulse wave which has been corrected meanwhile. Now we are building abottom and may resume the move up that should have some further potential.
In the first run the Euro couldn't overcome Wednesday's high . Now we are at the bottom of the last few hours and could be able to start another rally.