The monthly break-line (resistance) in gold stands at the 1305-1310 mark, and only a break and close above this level on a monhly closing basis would warn of a further advancement in gold becomes possible. Looking ahead - we have the French Election on May 7th, therefore May 8th is the day of directional change. From a technical stand point of view, it looks like...
As long as price don't break resistance we can expect possible new bearish wave. If fundamentals that are bullish don't bring us above 1,10 we are expecting our old bearish targets based on fibo levels and support levels. If price menage to change fundamental uptrend we also expect that price will fulfill GAP.
If price menage to break critical level 121,30 we expect uptrend correction and we expect price to go down. *Fundamentals are still positive for euro, negative for jpy. Take care about that.
CAC 40 went to its highest high since almost 2 years. Could that be potentially the top???
EURUSD is trading inside a yearly trading range. There's a daily uptrend line that EURUSD is currently still above.. and from above it has a daily downtrend line and the middle of the range - 1.1 (Resistance Zone). In case of a bullish move, focus on 1.1. A breakout above this price zone could send EURUSD towards 1.14-1.115 again to re-test the top of the...
French Election are coming today starting at 8pm (Live Bloomberg). I'm neutral on this pair. Technical buy, Fundamentals are very complicated we can even try to short the pair after Marine Le Pen (extreme) can win the first round. 1.0670 minimum in target sunday at the opening.
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...
Euro seems to get going better, needs to break recent highs of 1.0675 in order to trigger the move to 1.08 levels. The main risk this week is french elections, where the latest polls show that Lepen is losing ground, so if this will be confirmed, EURUSD will be trading above 1.08 levels, as its not factored into the price yet.
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...
Could Euro price in a rally before the French and Dutch elections? If Le Pen wins, Euro could occur some major damage.
Currently, the sentiment of the pair seems to be clearly inclined to a down movement of the price. But we should rather wait until Friday to find out more about what will be the real direction of the pair. Note that the US is strongly considering a hike in interest rate which can cause the USD to grow much stronger. However, the France is currently on crosshead...