After the second round of the 2017 Frenchelections profit taking put the EURUSD under pressure. Price is now resting in the support area and potentially form a double bottom
Observing the most recent downtrend line for a rally continuation
Do you consider yourself a conservative trader who requires a lot of confirmation before entering? Pay attention to not enter to late!
Often, waiting for too much confirmation is like attending to an all you can eat lunch at 14h30. You pay full price but there is almost nothing left to eat.
This is such a case. Those traders who position themselves ahead of...
Possible Euro rally towards 2nd round or french elections.
After the breakout of this years high prices the Euro has technical and fundamental potential to continue its rally. Especially if polls are in favor of Macron.
Looking at the most recent price action I position my PTF long after a potential triangle breakout
The EUR rallied significantly as did the Eurozone stock market, relieved by a strong ex-banker Macron result. However, EURUSD pauses at the March high price. If the rally higher and we see some close prices above 1.092´s I am would be very much pleased to see a big Bat Pattern trigger in the near mid term.
I was interested in a recent analysis presented by AlexandreFXKG as I am trading this pair actively. This morning I spotted a nice continuation in the price as we expected. However, I am worried about the French Presidential election coming up this Sunday (first round only). I am wondering if there may be some large price moves due to thin markets ahead of this...
if GBPEUR breaks the upper trend channel shown and 1.2 (or consolidates between 1.18 and 1.2), this could mark the beginning of resurgent GBP. It appears likely this will coincide around the coming French elections...