Best Trading Setups After the French Elections

Buy the rumours, sell the facts, that is what is happening on the EUR right now. Maybe this bearish sentiment on the EUR will accelerate and will create an opportunity to close those gaps that were created after the first round of the elections?

On the daily chart on the EURUSD we can see a bearish engulfing pattern, which is potentially dangerous for the buyers. What is more, the price is attacking a mid-term dynamic support and it looks like traders will try to test the next one, horizontal on the 1.083.

USDPLN finally made the third correction equality pattern and is coming rback to the up trend. It looks beautiful. Three the same bearish waves in a row. Bounce is additionally supported by the lows from the beginning of November when Donald Trump was elected as a president.

Speaking about corrections equality patterns we have to mention the NZDCHF, which can have one right now. This would be additionally supported by the horizontal resistance on the 0.692 (green). A little bit higher we also do have a trendline (black), so in this case, this correction can be a little bit deeper.