EUR/USD tracked bullish at 1.1367 and expected to remain bullish peaking to key-resistance level at 1.1417, by then EUR/USD would likely run bearish.

Dear Traders,

EUR/USD tracked bullish at 1.1367 and expected to remain bullish peaking to key-resistance level at 1.1417, by then EUR/USD would likely run bearish.

EURO were under pressure in advance of UK referendum to leave European Union. Meanwhile, Yellen's commentary would still leave open chance of rate hike, twice this year. Even though market's suggestion based on FED's fund future - most probably wouldn't happen.


Technical Analysis

Consider looking at this graphic to aid your trading decision this day, this graphic is in h4 resolution with Elliot Wave theory to read the upcoming pattern.

EUR/USD