After the
first round of the presidential elections in France yesterday, the results of
which showed that two candidates with the most votes were Emmanuel Macron and
Marine Le Pen, EUR/USD formed a decisive 200 pips gap to the upside, reaching a
high at 1.0918. After that the pair began retracing, but whether it will
recover that gap any time soon is questionable. So far EUR/USD has formed a
hanging man candlestick and a doji candlestick at 1.0880 on the four-hour time-frame, which could be a signal
for a further move to the downside. On the other hand, if the move to the
upside continues, the next major target will likely be 1.1040, which is the
(MA)89 indicator on the weekly time-frame.
Incredible rally!
ReplyDeleteEur/Usd consolidated gains.
ReplyDeleteWell spotted! I'll keep a close eye on it.
ReplyDelete