Expect EUR/USD to make a u-turn around nearest resistance-level at 1.1279 after a rebound to previous sharp bearish movement to 1.1238.

Dear Traders,

Expect EUR/USD to make a u-turn around nearest resistance-level at 1.1279 after a rebound to previous sharp bearish movement to 1.1238.

Economist have warned of imminent permanent negative economic impact should England leave EU as it may even last throughout Europe. Meanwhile, Brexit supporters insisting on their idea of freeing themselves from shackles of EU's regulation and taking full control toward UK's immigration. They suggest that Brexit may promote England's economy.

 

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