Monday, 27 June 2016

[EUR] After Brexit

EUR/USD 4-HOUR CHART, SOURCE: FOREXFACTORY.COM
 The unexpected event happened. I want to tell just watching the market. It may hurt traders entering the market in this week. I have thought English people are conservative and reluctant to do racial decision. But my bias is determined incorrect.

It's not certain where the markets go yet. After the plunge of major currencies agaist U.S. Dollar, they attempt to return but it's not reliable. The returning attempt is the characteristic of currency not the reversal toward uptrend.

The market situation precedes the technical analysis. We don't know participants consensus yet, we need to just watch the charts. Because we entere the market to get profit not to be famous.





EUR/USD WEEKLY CHART, SOURCE: FOREXFACTORY.COM

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