This is a bit alarming, but supporting the trade idea posted above. We as traders have done our homework. Technical analysis is better than fundamental. Let's sit tight and let time play it's role.
lookin on the hourly, there might be a head and shoulder forming to confirm your idea more
Guhanak7
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Yes ! I agree
rocker123
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Good analysis ! Thanks
trendlegends
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i wait 1.19<
waterman
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Good work. But euro is too bullish to fall !!
Guhanak7
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Yes I do agree Euro looks bullish but talking in two perspectives of EURUSD pair,
Fundamentally, The uncertainity of Brexit will make USD stronger than EUR
Technically , After detailed analysis using elliot wave concepts and price action, EURUSD looks bearish. If it reverses, I would expect a bounce at .886 and It is highly unlikely to break 1.17 level in the near future
waterman
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I agree. You are right. But everybody knows Brexit will never happen !!
Guhanak7
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Yes !! I concur, it's highly unlikely. It's the undesired voting process that's going to cause volatility