Shortly before the start of the European session, EURUSD attempted a breakthrough towards north of the tight consolidation of 15 taps formed during the Asian hours.
Probably if we see an impulse upward at the start of stock trading, the pair can test levels of 1.1285 and even 1.13 by the end of the day.
However, the movement remains an adjustment until the cost of the drill and tests 200SMA per hour chart.
The fund remains negative for the EUR, with yesterday’s positivism about Brexit’s outpouring helping the euro against the US dollar. As the vote is approached later today, however, we are more likely to see caution against new purchases.
Current levels remain suitable for new short short-term positions with a short stop at 1.1275.
Trader Nikolay Georgiev