Friday, 3 June 2016
EUR/USD: Todays Spike
I predicted that the Euro would rise in advance of the BREXIT referendum and have a spike, up or down depending on the outcome, afterwards.
Today's spike tells me that the market is growing more confident of a positive outcome (i.e., the Brits voting to stay in the EU). There will be some profit-taking at this point, so the price should, in the next few days, ease or flop back to the shaft of my blue arrow.