Both Euro$ and Cable tested those key levels, Brexit weighs heavy now.

Both Euro$ and Cable tested those key levels, Brexit weighs heavy now.

Both Euro$ and Cable tested those key levels I mentioned yesterday with the former now just under 1.1400 at 1.1375 and the latter at 1.2825 as I type this.

How do I see it..?
Euro$
Next stop 1.1325 and then after an initial bounce – a slide to 1.1175.
I still think this could ultimately end up around 1.0500.

Cable
First bounce at 1.2775 then a slide to 1.2675.
This I think could ultimately end up at 1.2000

Brexit weighs heavy now.

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Categories: Analysis, News, Trading

About Author

Clive Arneil

Clive Arneil worked for major brokers for over 20 years trading most instruments in the Foreign Exchange markets as well as Derivatives. Brokered deals on behalf of some of the worlds largest banks including Barclays, Citibank, UBS, Nat West and the Bank of England. Worked mainly in the UK but also in Switzerland, Germany and the U.S. Retired from the Money Market at the age of 40 and worked as a financial data feed specialist supplying market data to Banks, Brokers and Spread-Betting companies. Still trading and teaching people the skills required to master today’s volatile markets.