The EUR/USD gapped 200 pips on news that Macron won the first round of French elections. Markets generally went positive where CAC40
The EUR/USD gapped 200 pips on news that Macron won the first round of French elections. Markets generally went positive where CAC40 clearly made a runaway gap. The EUR/USD POC (double top/bullish order block, 50.0, D L3) 1.0778-0792 could spike the price if we see a retracement before the retail gap closes. 1.0730 is needed for a retail gap to close.
As all weekly camarilla levels have been broken to the upside and new weekly levels will be calculated soon, a 4h close above 1.0865 (without any retracement to POC or gap close) could be a signal for a runaway gap, where EUR/USD could make 1.0905 followed by 1.0920 short term.
EUR/USD Chart
Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets
