The EUR/USD pair gapped at the open on Monday, as the French elections gave traders confidence in the EUR again. This being the case, we reached all the
The EUR/USD pair gapped at the open on Monday, as the French elections gave traders confidence in the EUR again. This being the case, we reached all the way to the 1.09 level and then fell. We still have a massive gap underneath that should offer support, so at this point in time I have no interest in selling. I believe that we could pull back a little bit, but eventually the buyers will get involved. A break above the 1.09 level should send this market towards the 1.10 level after that.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
