Current Situation:
- Euro rallying after massive Brexit fall
- In the medium term, EUR/USD is range bound since January
Looking Ahead:
- Price now retreating from short term minor trend line resistance
- Possible reversal patterns forming
- Close below 1.1075 confirms the selloff to support near 1.0525 has begun
Notes:
- Expect not only expanded stimulus from the ECB but pressure from Euro area governments on the ECB to support fiscal stimulus efforts by loaning more money to Eurozone banks.
More analysis and information here: Sea Lion Capital Management LLC
- Euro rallying after massive Brexit fall
- In the medium term, EUR/USD is range bound since January
Looking Ahead:
- Price now retreating from short term minor trend line resistance
- Possible reversal patterns forming
- Close below 1.1075 confirms the selloff to support near 1.0525 has begun
Notes:
- Expect not only expanded stimulus from the ECB but pressure from Euro area governments on the ECB to support fiscal stimulus efforts by loaning more money to Eurozone banks.
More analysis and information here: Sea Lion Capital Management LLC
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positionforex.my.canva.site/bio-link-site
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For more analysis, signals, education, and more sign up for Forex Forecast. It's free.
positionforex.my.canva.site/bio-link-site
positionforex.my.canva.site/bio-link-site
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.