Previous week ended with a bang, as the referendum results ended into the BREXIT and it turned out to be a huge surprise, with a 52 (Leave): 48 (Remain). The results created chaos in financial markets worldwide. The EURUSD fell sharply almost 288 pips from an opening price, here high to low movement was 516 pips.
On Monday, the investors are recommended to monitor the following events:
• M3 Money Supply y/y
• Private Loans y/y
• Goods Trade Balance
• Flash Services PMI

Technical Overview:

EURUSD is likely to start a new down trend that could extend the pair below Friday’s intra-day low at 1.0900. The pair is likely to face resistance at 1.1125, and around 1.1185 while support stands at 1.11, and near 1.090.
Previous Analysis Reference: Market is likely to be very volatile today, we can expect GAP, soared price and even reversals. Further, we can also experience a sudden increase in spreads and margins.
(24th June, 2016)

Daily Trading Range:
1.1250– 1.0845

Daily Support & Resistance Levels

R3: 1.1800
R2: 1.1602
R1: 1.1480
Pivot Point: 1.1281
S1: 1.1083
S2: 1.1096
S3: 1.0762

Trading Recommendation:

– Sell @ 1.1150
o Take Profit:
 1st @ 1. 0900
 2nd @ 1.082
o Stop Loss 1.1225

EURUSD 27th June, 2016

2 thoughts on “Post-Brexit EURUSD Market Updates (27th June, 2016)”

  1. Manny T says:

    Sounds like a great time to stay out of the market! Thanks for your help!

  2. you are always welcome.
    Keep following for more ideas..!!!

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