after seeing a steady decline in EUR strength due to Brexit uncertainties, today we found solid monthly support around key level 1.5800. My bias on this pair bullish considering we get a break and closure above 1.58845 which should confirm further upside with targets set at 1.59500/ 1.6000/ 1.6500 with a very healthy RR @ 1.85.
Alternatively, if we fail to break 1.58845 and continue down to close below 1.5800 we could see this pair continue its decline. Lots of Brexit fundamentals impacting both the GBP and the EUR today and throughout the week so trade safe.