Good day forex traders.

It is the last day of the trading week and I hope everyone is doing ok.

In my previous review I cautioned on the possible unexpected volatility due to the referendum on Britian’s exit from the European Union.

Looking at the 4 hourly chart above, we note on the sharp dip in favor of the US dollar. This may be a knee jerk reaction as news coverage of the Brexit reports. Major support levels were breached.

Early reports mentioned of an unexpected lead by ” Leave “. This event is likely to exert significant influence on the European currency and hence we must monitor closely.

In view of the volatile situation, extreme caution is advised. I am currently not in a position.

Trade safely .

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EUR/USD Forecast 24 Jun 16

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