After Brexit . . . | Diễn đàn Forex của Myfxbook

Tham gia từ Feb 22, 2015 178bài viết

Jun 28, 2016 at 19:44 (đã sửa Jun 28, 2016 at 19:45)

Tham gia từ Feb 22, 2015 178bài viết

Brexit is over

Before Brexit, EURO currency has many opportunity to rise to 1.20 or higher.
After the Brexit, do you think the EUR will continue to rise?

Your thoughts?

I trade Forex using my Bollinger Trend PRO mt4 indicator.

xgavinc

Tham gia từ May 11, 2011 235bài viết

Jun 28, 2016 at 23:11

Tham gia từ May 11, 2011 235bài viết

Brexit is over? no, it's just beginning. I think the EUR will adapt faster than GBP. However, the UK is currently still tied to EU (not formal exit, just referendum)

Uncertainty still looms over GBP, formal exit (affecting EUR as well) and reforms will still cause volatility for the foreseeable future.

Rise to 1.20? sure, that's always a possibility, put a time frame on it and it becomes more complicated, certainly not within the month of July or even this year... unless you have a major off quotes broker (mine at 1.10 now).

For every loss there should be at least an equal and opposite profit.

togr

Tham gia từ Feb 22, 2011 4862bài viết

Jun 29, 2016 at 07:54

Tham gia từ Feb 22, 2011 4862bài viết

We are discussing it here
https://www.myfxbook.com/community/general/brexit/1184979,12

mlawson71

Tham gia từ Dec 11, 2015 1487bài viết

Jun 29, 2016 at 07:58

Tham gia từ Dec 11, 2015 1487bài viết

The UK referendum was just the beginning of the long process we call 'Brexit'. Keep in mind that the referendum itself isn't even legally binding, but the UK will still likely leave the EU. There will be months of negotiations now, and who knows what else. Which means that in turn there will be news coming out affecting the market.

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EURUSD	1.07599	GBPUSD	1.25452	AUDUSD	0.66091
USDJPY	153.053	USDCAD	1.3685	USDCHF	0.90475