EUR/USD back below 1.1100 handle, Brexit continues to weigh
Coordinated effort from various major central banks doesn't seem to calm nervous investors and a fresh bout of safe-haven buying seems to have kicked-in, dragging the EUR/USD pair back below 200-day SMA to currently trade around mid-1.1000s
Market continues to react with extreme volatility despite of reassuring words from the ECB that it would take required steps to ensure stability and provide sufficient liquidity.
Earlier during the day, the EUR/USD pair plunged to a 3-month low level after majority of the voters from UK, in a historic referendum vote, opted for leaving the European Union.
Various negotiations, news and announcements might continue to flood the markets and trigger extreme volatility across various major currency pair, including the EUR/USD pair.