EUR/USD is caught in the crossfire between central bankers from both sides of the Atlantic but also on the upcoming EU Referendum in the UK. The week began with a big leap – the better polls for Bremain pushed the pair higher with a weekend gap but the picture has been mixed since then. Opinion polls in the UK are balanced and no longer lean for Leave, but to say that the momentum belongs to Remain is certainly an overstatement. It’s a dead heat. Cable reached new yearly highs and retreated over 100 pips. EUR/USD follows. The second blow came from ECB President Mario Draghi. He appeared in the European Parliament following a meeting regarding talks about a contingency program in case of a vote for Brexit. He said that the Bank is ready and also mentioned more potential stimulus, related and unrelated to the vote. He certainly did not seem encouraged by the recent growth figures in the euro-zone. Last but not least, the Fed Chair Janet Yellen testified in Washington and also provided a shopping list of warnings: China, the recent jobs report and yes, the danger of Brexit. She did not improve the mood and did not weigh on the US dollar. This kept the pressure on. EUR/USD is currently trading around 1.1260. The low so far has been 1.1243, just under support at 1.1243. Further support awaits at 1.1190 and 1.1130. Resistance is at 1.1335 and 1.1410. More: Is your broker Brexit ready? Brexit or Bremain – all the updates Here is the chart: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next 6 Reasons EUR/USD Won’t Collapse On Brexit – Deutsche Yohay Elam 7 years EUR/USD is caught in the crossfire between central bankers from both sides of the Atlantic but also on the upcoming EU Referendum in the UK. The week began with a big leap - the better polls for Bremain pushed the pair higher with a weekend gap but the picture has been mixed since then. Opinion polls in the UK are balanced and no longer lean for Leave, but to say that the momentum belongs to Remain is certainly an overstatement. It's a dead heat. Cable reached new yearly highs and retreated over 100 pips. EUR/USD follows. The second blow came… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
