On the 4H chart we can see that 1.32000 region has acted as a nice resistance/support zone in the past. Taking in consideration the Brexit vote in 50 Minutes, I am speculating that this pair will take another dive to the downside. This is very little to do with the actual technical analysis, but the 1.32000 region could play a big role in this one... Lets gamble a...
On the 4H chart the price has made a steady down-trend and there has been a decending triangle forming. The price also has broken below the 20 and 50EMA which indicates a further downside could be on the way. Since USD data is coming out today, I expect the price on this pair to reach at least 1.33000 which would provide us with a nice 50 PIP short trade.
