My Current Active Open Positions: USDCAD, AUDUSD, AUDCAD, AUDNZD, EURCHF, EURPLN, GBPNZD, XAUTHB
EURUSD – Jumps After 1st Round French Election Votes (daily chart)
Earlier this morning, the 1st round of the French elections came in with a for now market bullish result (Macron into 2nd rd as expected along with Le Pen).
The result was the euro jumping almost +150 pips from the open, peaking above the 1.09 handle before pulling back.
For now, the price action is bullish while above 1.0860 on a daily closing basis. I would like to note the CT corrective structure which suggests the structure will be holding as long as we don’t get a close above 1.10 on a daily closing basis this …... Keep reading