EURUSD ran corrective bullish to 1.1107 and expected to peak at key resistance level from one of these u-turn Fibonacci retracement at 1.1169, 1.1230, or 1.1317.

Dear Traders,

EURUSD ran corrective bullish to 1.1107 and expected to peak at key resistance level from one of these u-turn Fibonacci retracement at 1.1169, 1.1230, or 1.1317. (chart can be viewed below)

Draghi's speech last Wednesday ease down post-Brexit worries as shown by EURUSD recent upward movement. Meanwhile, England Prime Minister, Cameron hasn't decided to take action before his successor is officialy announced.

 

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 the upcoming pattern.

EURUSD