EURUSD and Brexit

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EURUSD 4 hr chart Source MT5

As represented in the chart there is current beach of a trendline. EURUSD currently trading near the levels of 1.1 400.
1. There are few factors driving the trend and shifted towards upside.

  • The ongoing news on brexit
  • The comments from leading politician which are involved in the process of brexit.
  • Possibility of US dollar to go in correction.

 Points which tends to break current trend line and made this pair shift upside.
The current scenario looking towards outside for the target of 1.1 800.


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