French Elections are over, sells are in everyone is getting off EUR again..
What else, the spike to 108 was too obvious. Expect the retracement to follow the previous trend line to carry on with this rally.
More bull rally reasons:
Germany did better than expected by the general public
marketpulse.com/20170509/eurusd-euro-unchanged-as-german-industrial-production-beats-estimate/
Retracement by commonfolks to 1.1 expected
dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/scalping_report/2017/05/08/Forex-Post-French-Election-EURUSD-Game-Plan.html
More TA Analysis
poundsterlinglive.com/eurusd/6749-euro-to-us-dollar-forecast-for-the-week-ahead-4
And of course, anything can happen: zerohedge.com/news/2017-05-09/vol-be-crazy-deutsche-wants-know-when-insanity-will-end
Trade Safe.
What else, the spike to 108 was too obvious. Expect the retracement to follow the previous trend line to carry on with this rally.
More bull rally reasons:
Germany did better than expected by the general public
marketpulse.com/20170509/eurusd-euro-unchanged-as-german-industrial-production-beats-estimate/
Retracement by commonfolks to 1.1 expected
dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/scalping_report/2017/05/08/Forex-Post-French-Election-EURUSD-Game-Plan.html
More TA Analysis
poundsterlinglive.com/eurusd/6749-euro-to-us-dollar-forecast-for-the-week-ahead-4
And of course, anything can happen: zerohedge.com/news/2017-05-09/vol-be-crazy-deutsche-wants-know-when-insanity-will-end
Trade Safe.
Note
We're almost thereTrade active
Ooops, forgot to update.Position opened at 1.08555
Note
HODL still runningNote
HODLLLLTrade closed: target reached
I'll be taking profit off here, seems like its time to short the top soonNote
looks like i was spot on for this run.. oh well at least theres profit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.