EUR/USD ran bullish to 1.1288 and expected to be dominated by bulls where they would peak at key-resistance level at 1.1345.

Dear Traders,

EUR/USD ran bullish to 1.1288 and expected to be dominated by bulls where they would peak at key-resistance level at 1.1345.

Euro gained a brief strength as Greenback bled over FOMC meeting and press conference. On another side of the coin, US Dollar veered down against Japan Yen as investor tend to look for safe haven when it came down to Brexit. Similar sell-pressure may also apply to global stock & indices, according to dealers' suggestion. More over, Yen gained traction after vote poll on The Independent website last Friday, showing result of which 55% of British people placed more faith on UK leaving EU against 45% vote to stay.

Meanwhile, mass shooting in Florida which killed fifty people on last Sunday also increased market's risk aversion. US President, Barack Obama described that incident as the most deadliest public shooting in modern US history and form of an act of terror and hate.


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.

EUR/USD