Post-Brexit bearish Euro trade
Current trade for the week ahead is going short on the EURUSD pair as we see a 4-hour consolidation forming with a strong likeliness of a lower bound breakout.
For the next day at least, the sell-off on the Euro should hit or near the ascending trend-line wedging with the resistance. I expect a bearish breakout especially given the Brexit vote and reduced stability in the Euro Zone region.
For the next day at least, the sell-off on the Euro should hit or near the ascending trend-line wedging with the resistance. I expect a bearish breakout especially given the Brexit vote and reduced stability in the Euro Zone region.
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