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Lack of significant selling after Thursday's massacre in Nice suggests that, sadly, this kind of event was largely priced in. Friday's military coup attempt in Turkey led to a more prominent market response but the pair closed the gap early today after the conditions in the country stabilized over the weekend.
Since the Brexit day sell-off, the pair has been carving out a symmetrical triangle with the midpoint approximately at 200 DMA. Support is at 1.10 - 1.1025 and resistance at 1.1150 - 1.1175. A successful break either way will define the direction of the next leg.
Since the Brexit day sell-off, the pair has been carving out a symmetrical triangle with the midpoint approximately at 200 DMA. Support is at 1.10 - 1.1025 and resistance at 1.1150 - 1.1175. A successful break either way will define the direction of the next leg.
