Hello traders good to be back with you. Today we look at the EURUSD and it looks nasty and a no trade zone for me. This pair has stayed in a range for several days and I will have to wait for a breakout. My bias is bearish so I would like a down break and I am looking to sell at the price level of 1.1320 just below the 55 ema that is significant resistance from this range. I am looking to take profit at the 200 ema that is big support at the price level of 1.1240. Traders I am really not going to rush into this pair as I feel the markets are on egg shells in reference to the UK referendum vote next week so there is a good chance we will see no price action. Traders I am also staying clear of the GBP pairs until after the vote on June 23rd, 2016.
Thank you traders and we will talk soon…….William