Wednesday, June 22, 2016

EUR/USD Indecisive

The EUR/USD is trading slightly higher today since opening going to 1.1278. These gains come after a losing day yesterday with a low of 1.1240. The pair has been trading in a uptrend channel for quite a while now and it looks like it will keep pushing higher.

Another thing that is playing a role in the appreciation of the Euro is that the pair is trading above the 200SMA signalling a bull run.

Have in mind that the UK Referendum scheduled for Thursday will certainly have an impact on the currency market.

Chart: EUR/USD D1


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7 comments:

  1. UnknownJune 22, 2016 at 6:12 PM

    There is a greater likelihood of success in favor of the “permanence”, which in turn shall dictate the decline of this currency pair.

    ReplyDelete
  2. UnknownJune 22, 2016 at 7:28 PM

    I think I will refrain from trading this pair tomorrow.

    ReplyDelete
  3. UnknownJune 23, 2016 at 10:33 AM

    Brexit will have a great effect on this pair today.

    ReplyDelete
  4. UnknownJune 23, 2016 at 12:28 PM

    Waiting for the Brexit results.

    ReplyDelete
  5. UnknownJune 24, 2016 at 5:02 AM

    Important information, will keep it in mind!

    ReplyDelete
  6. UnknownJune 24, 2016 at 12:16 PM

    The 200SMA today is acting as strong resistance.

    ReplyDelete
  7. UnknownJune 27, 2016 at 12:48 AM

    It will test 1.1000 level again.

    ReplyDelete

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