EUR/USD ran corrective bullish to 1.1343 and expect it to be dominated by bulls as depicted in chart below, wave C predicts corrective bullish rally that will peak around 1.1419 - 1.1503 (wave ii).

Dear Traders,

EUR/USD ran corrective bullish to 1.1343 and expect it to be dominated by bulls as depicted in chart below, wave C predicts corrective bullish rally that will peak around 1.1419 - 1.1503 (wave ii).

Euro amassed strength within the last few days ahead of UK referendum on Britain's membership to EU. Uncertain swings of polls last week ensues as recent poll showed major shift toward UK's Remain in European Union. Meanwhile, ECB's president, Draghi stated in Brussels, June 21st, Thereafter, inflation is expected to increase further to 1.3% in 2017 and to 1.6% in 2018, as a strengthening economic recovery mobilises unused resources.

 

Technical Analysis

Consider looking at this graphic to aid your trading decision this day, this graphic is in h4 resolution with Elliot Wave theory to read upcoming pattern.

EURUSD