EURUSD moves to topside trend line ahead of the Brexit votes

Technical Analysis

Author: Greg Michalowski | eurusd

Some sellers against the trend line.

Some sellers against the trend line.
The EURUSD has moved up to the topside trend line target on the hourly chart on dollar selling on Trump China comments. The Brexit amendment vote process has started.  

That trend line comes in at 1.1331 currently.  Sellers are leaning/taking profit on the first look.

IN an earlier post I wrote:

On the topside, the 61.8% at 1.13256 is a target. That level is also joined by a topside trend line.  Both those levels are an attraction for the buyers to push toward. However, I would look for sellers to lean against the area.
We have reached those targets (the trernd line is higher now). There could/should be sellers against the area with stops on a break. 

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