EUR/USD Forecast June 20, 2016, Technical Analysis

The EUR/USD pair went back and forth during the course of the day on Monday, ultimately settling on a neutral candle. With this, it appears that the market does find quite a bit of buying pressure underneath, and if we can break above the top of the range for Friday I feel that this market could probably reach towards the 1.14 level. However, that is probably the only trade that I see at the moment on this chart. There will be a lot of volatility regardless what happens as there is so it should be concerned about when it comes to the European Union and the referendum vote out of the United Kingdom.

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