Expect EURUSD to reverse downward to nearest key-support level at about 1.1130 after previously tracked corrective bullish at 1.1333.

Dear Traders,

Expect EURUSD to reverse downward to nearest key-support level at about 1.1130 after previously tracked corrective bullish at 1.1333.

England's looming referendum on June 23rd has started a massive chain reaction where investors already be alerted of. More so, FED commented on June 15th last week that they already factored in risk of brexit as their consideration to retain former interest rate. Mark Carney as governor of BoE hasn't issued new policy last week, further more, he commented on UK leave vote to EU may compromise Britain's economy and trigger further weakening of GBP.


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