{"id":91834,"date":"2016-06-23T07:33:07","date_gmt":"2016-06-23T11:33:07","guid":{"rendered":"http:\/\/countingpips.com\/?p=91834"},"modified":"2016-06-23T07:33:07","modified_gmt":"2016-06-23T11:33:07","slug":"euro-and-pound-strengthening-on-referendum-day","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/06\/euro-and-pound-strengthening-on-referendum-day\/","title":{"rendered":"Euro and Pound Strengthening on Referendum Day"},"content":{"rendered":"<div id=\"inves-3613372292\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 23, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By Vladislav Antonov, Alpari<\/b><\/p>\n<p><strong><em>Previous:<\/em><\/strong><\/p>\n<p>Expectations for yesterday&#8221;s bottom rang true. The euro\/dollar restored from a 1.1236 minimum to 1.1337 (1.1316 target). The euro\/dollar and pound\/dollar lifted before results from a survey from Opinium came out showing a rise in Brexit supporters. Due to this, the euro\/dollar crumbled from 1.1337 to 1.1269. After more new survey results were published, the euro\/dollar shifted the maximum to 1.1349.<\/p>\n<p><strong><em>Market Expectations:<\/em><\/strong><\/p>\n<p>All eyes are on the UK referendum today. The contradictory Brexit surveys from May are not letting trades run smoothly (I&#8221;m not talking about intraday trading). Tomorrow after the results of the voting are out we will see attention switch: this time attention will once again be on the US and the Fed rates.<\/p>\n<p>The voting will take place until midnight EET. I don&#8221;t think it&#8221;s worth making a forecast today on the day of the referendum. I have marked out only a 1.1294 \u2013 1.1375 price range in which I expect the euro to fluctuate until the preliminary results of the referendum are out.<\/p><div id=\"inves-3408278666\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p><strong><em>Day&#8221;s News (EET):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>9:00 \u2013 00:00, UK referendum;<\/li>\n<li>9:45 \u2013 11:00, European indices for business activity in the manufacturing sector and service sector for France, Germany and the Eurozone;<\/li>\n<li>15:30, US unemployment benefit requests for week ending 18<sup>th<\/sup> June;<\/li>\n<li>16:45, US preliminary business activity index in manufacturing during June;<\/li>\n<li>17:00, US new housing sales in May and CB&#8221;s leading indicator index for May.<\/li>\n<\/ul>\n<p><strong><em>Technical Analysis:<\/em><\/strong><\/p>\n<p>Intraday forecast: minimum: 1.1236, maximum: 1.1316, close: 1.1296.<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" src=\"http:\/\/www.alpari.ru\/data\/media\/trunk\/images\/Analytics\/2016\/06\/eur_230616.png\" alt=\"\" \/><\/p>\n<p align=\"center\">Euro\/dollar rate on the hourly. Source: TradingView<\/p>\n<p>The euro bulls managed to bring the rate to 1.1337 without force whilst the Opinium survey had yet to be released. The euro is now trading for 1.1343 dollars. The growth slowed around the 67<sup>th<\/sup> degree. Due to the UK referendum I haven&#8221;t made a forecast.The road to 1.1368\/75 is open on the hourly. I&#8221;ve marked out 1.1294 as a support.<\/p>\n<p><em>Earn from currency market fluctuations by investing in a <\/em><a href=\"http:\/\/www.alpari.com\/en\/investor\/investment_funds\/#forex\"><em>Forex Investment Portfolio<\/em><\/a><em>.<\/em><\/p>\n<p>Article submitted by <a href=\"http:\/\/alpari.com\/en\/\">Alpari.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Vladislav Antonov, Alpari Previous: Expectations for yesterday&#8221;s bottom rang true. The euro\/dollar restored from a 1.1236 minimum to 1.1337 (1.1316 target). The euro\/dollar and pound\/dollar lifted before results from a survey from Opinium came out showing a rise in Brexit supporters. Due to this, the euro\/dollar crumbled from 1.1337 to 1.1269. After more new [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-91834","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=91834"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91834\/revisions"}],"predecessor-version":[{"id":91872,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91834\/revisions\/91872"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=91834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=91834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=91834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}