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Nice move from my favorite pair EUR/USD, after hit the daily high at 1.1349 the sellers stepped in and drove the euro back down to 1.1242, which now acts as a strong support, entering a long position for the pair at the daily lows will gives us the opportunity to gain some pips.
EUR/USD now looks oversold and a rebound is possible.
Because the Brexit vote on Thursday is a major catalyst, all Forex markets will be neutral before the announcement. Hence, there will be a 50% chance of a bull breakout and a 50% chance of a bear breakout
A stop loss at 1.1235 second support and
Take profit at 1.1267
EUR/USD now looks oversold and a rebound is possible.
Because the Brexit vote on Thursday is a major catalyst, all Forex markets will be neutral before the announcement. Hence, there will be a 50% chance of a bull breakout and a 50% chance of a bear breakout
A stop loss at 1.1235 second support and
Take profit at 1.1267
