The new trading strategy for EURUSD in this upcoming Brexit week

Brexit's topic number one for all the trading market movements around the globe.
Mainly we will see pressure among the Pound; also Euro will suffer from high instability by the vote in Thursday.
Although Fed's collapsed the last hope for high interest rates, US dollar remained strong and at one point won the battle with the Euro mainly from doubts that England can exit the EU.
Take in mind that the market's movements this week will follow mainly the sociological analysis for the turn of ref's events by Thursday.
World-Signals.com point of view for the upcoming events is that Great Britain will remain in the Euro union.
That's why straight after the events pound and euro will bloom among the other currencies.
Key level support for EURUSD is 1.1130, first resistance level in 1.1415.
World-Signals.com strategy advice for this week is to buy Euro at and above levels of resistance 1.1410/1.1460.
 

Posted By : World-Signals.com On : 12:26 (19/06/2016)
Comments

Search Entries Not Found

Add Comment
watercolor paints

Read ICM Capital Review

  LeTechs Rating  
  Regulation   FCA
  Branches   UAE, China, Russia, Mauritius
  Bonus   $1000

Since
2009

watercolor paints

Read Fidelis Capital Markets Review

  LeTechs Rating  
  Regulation   FSA, St. Vincent and the Grenadines
  Branches   Except USA, Belgium and British Columbia
  Bonus   200% Bonus

Since
2013

banner-img

Facebook

Twitter

Google Plus

Risk warning: Trading foreign exchange (Forex Trading) and contracts for differences (CFDs) on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Please ensure you fully understand the risk involved before trading, and if necessary seek independent advice.

Copyright © 2015 LeTechs. All Rights Reserved.