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The new trading strategy for EURUSD in this upcoming Brexit week

Discussion in 'Fundamental Analysis' started by World-Signals, Jun 19, 2016.

  1. World-Signals

    World-Signals Member Trader

    Apr 10, 2016
    Likes Received:
    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.

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