Analysis 16 June 2016, Thursday

Analysis after U.S. Fed's decision on to hold on to Overnight Rate on 15 June 2016.

The symmetric triangle pattern is broken at arond 1264 level which now should help the price to project towards 1365 level. Fundamentally as well Federal Reserve's decision to hold steady on the overnight rates considering next week's referendum in the U.K. on whether to remain in the EU, supports the view as well. The only thing to consider is the MACD in H4, which suggets there might be a correction and if it does, that would give a perfect entry point for Long that would drive towards 1365 level. Let's see how things roll out in coming days.

Trade Happy, Trade Safe.