The recent BREXIT vote has caused volatility in both GBP & EUR pairs.
This channel shows a correction formed from April- May (2016) of this year with a lower trendline predicted for movements for price to move within. My expectation is that price will resist the the mid trendline and then make a lower set of lows towards the daily trend line formed by two touch points. Also, I think the recent UK vote will cause the EURO to devalue once the UK confirms its departure from the EU.
For more information, follow me on here, twitter or at www.ejfxtrading.com
This channel shows a correction formed from April- May (2016) of this year with a lower trendline predicted for movements for price to move within. My expectation is that price will resist the the mid trendline and then make a lower set of lows towards the daily trend line formed by two touch points. Also, I think the recent UK vote will cause the EURO to devalue once the UK confirms its departure from the EU.
For more information, follow me on here, twitter or at www.ejfxtrading.com
