EUR/USD was tracked bearish and expected to move downward through resistance level at 1.0911.

Dear Traders,

EUR/USD was tracked bearish and expected to move downward through resistance level at 1.0911.

EUR/USD slanted down again following strengthening Greenback against safe havens trades while investors are waiting for further leading nations finance ministry to take actions toward United Kingdom's exit aftermaths.

Last week, England held a referendum whether UK would remain within EU. According to official released data, 51.9% voters chose to leave EU. A Shocking result to markets, considering Bremain (British remain) vote dominating voice on previous temporal vote poll.

On top of it all, Analyst taking a closer look to reactions of other EU nations as UK's leave may trigger a chain reaction where similar fashion may repeat again in other EU's members.


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