Two factors played against the euro on Monday:
1. Negative news on the British economy - probably we are waiting for a halt in GDP growth and a decrease in the Bank of England rate - as a reaction to Brexit.
2. A breakthrough of the dollar-yen above resistance at 109.75.
As a result, the euro did not fall, but the pressure on the euro intensified.
Thus, two scenarios became equally probable:
1. Growth to 1.1205, a breakthrough and movement at 1.1240.
2. A break out at 1.1085 and fall to 1.1000 onwards.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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