EUR/USD, the US dollar could benefit from Brexit referendum!?
The pair is stil moving true the down trend channel, in wich I have pointed in my EUR/USD analysis from February 19. Well, there is another crisis coming up in Europe, this time with the British referendum. As I wrote yesterday in my article about this, it’s not only a matter of GBP here, the Euro could feel the ‘heat’ as well. That’s why I have lowered the sellers targets down to 1.0950 > 1.0800 and even more in the coming period. Sure, technicaly we have suport levels in this area, starting now with Daily MA200 at 1.1052, follows 1.1000 and 1.0920/50, but I wil not be in the favor of the buyers now.