Wednesday, 24 February 2016
EUR/USD in the Support Zone
The Euro is in the Support Zone I drew in a previous post.
I expect it to swing up from here. However, there is a possibility that the forthcoming British referendum on leaving or staying in the EU may cast a shadow and tempt the market into pushing the Euro down against the US Dollar.
Caution is warranted: watch for the beginning of the rebound before betting on the upswing.