Brexit is a small six-letter word, but hugely far-reaching in terms of impact. Ever since the referendum was announced by erstwhile British Prime Minister David Cameron, there had build a heady mix of excitement and tension in the months building up to the deciding hour. In the mass voting that followed on June 23rd, a majority of people in the United Kingdom chose to opt out of the European Union. As predicted by many economists, the pound slid down to a 31-year low of a $1.31 against the US Dollar. FTSE 100 found itself in exasperation, as the prices of major futures started plummeting.
Read market analysis, Fx news, Forex tips and technical analysis of US Dollar, Euro, Japanese Yen, British Pound Sterling, Swiss Franc, Canadian Dollar and Australian Dollar of 22 September
EUR/USD Intraday: further upside
Our preference for long positions above 1.1135 with targets at 1.1215 & 1.1235 in extension. Alternative scenario is below 1.1135 look for further downside with 1.1120 & 1.1100 as targets.
Technical Analysis and Forex tips 12th September 2016 that covers latest market news and daily shares trading signals from experts of the field. Take after the day by day specialized investigations to get an edge in trading in forex.
EUR/USD Intraday: the downside prevails
Our preference for short positions below 1.1285 with targets at 1.1195 & 1.1170 in extension. Alternative scenario is above 1.1285 look for further upside with 1.1325 & 1.1365 as targets.
Technical Analysis and Forex tips 7th September 2016 that covers latest market news and daily shares trading signals from experts of the field. Take after the day by day specialized investigations to get an edge in trading in forex.
EUR/USD Intraday: rebound expected
Our preference for long positions above 1.1180 with targets at 1.1280 & 1.1310 in extension. Alternative scenario is below 1.1180 look for further downside with 1.1155 & 1.1125 as targets.
In trading, real damage can occur after a loss when a trader cannot recognize that having some losses is part of the game and they tend to beat themselves up, developing a negative attitude, losing self-confidence and finally going into a state of depression. The more trade losses you encounter, the more frustrating it becomes and it is then easy to lose mental focus and confidence.