EUR/USD Forecast June 27, 2016, Technical Analysis

The EUR/USD pair fell significantly during the course of the session on Friday, as the United Kingdom as voted to leave the European Union. We sliced through the 1.10 level below, but did see quite a bit of support as we bounced from there. This is a very negative candle, so even though we got the bounce, the reality is that we will more than likely continue to selloff. Short-term exhaustion candles after short-term rallies will be selling opportunities as far as I can see. This would also be true if we break down below the bottom of the range for the day. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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