We presume short selling after Brexit vote in U.K. Surely Central Banks will react but our view is weakening of EUR against safe haven currency USD.
MIB shows signs of a downtrend (again). Around 17300 we expect a rezistance with higher volatility due to BREXIT. INDEX:MIB [/symbol MIB is mainly driven by low-quality titles from the bank sector. We expect reaction to the downside with quite interesting RRR of almost 3. More you can find and learn free on UncleTrader.com .
You can see reaction on level 61,8% of the swing and also trendline. We follow the formation ABCDE with profits on fibo extensions of the swing. ------------------------ UncleTrader.com ------------------------------------
Daily trend line is well respected. Pattern ABCD might just appear and therefore we predict long movement. If possible I will entry FX:USDCAD round 1,30100 where lies also support on daily. -------------------- Uncle Trader -------------------------- More you can follow on UncleTrader.com
EURUSD daily created a signal for FX Mustang trading system on 18/08/2015. Great and strong signal were followed by massive movement into our direction. Both profits taken in a very fast way in combination with reasonable RRR.