By Admiral Markets
The EUR/USD is still supported above the retail gap which showed straight after Macron won the first round vs Le Pen. Friday is getting close, so we might see a profit taking due to Sunday’s final round of presidential elections. 1.0860-45 is POC zone for possible buy trades as the EUR/USD might spike from the zone (W L3, ATR pivot, historical buyers) targeting 1.0930 and 1.0965. A drop below 1.0820 could target 1.0775 and further momentum could also close the retail gap at 1.0730.
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W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)
W H5 – Weekly Camarilla Pivot (Strongest Weekly Resistance)
M H4 – Monthly Camarilla Pivot (Very Strong Monthly Resistance)
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M L3 – Monthly Camarilla Pivot (Monthly Support)
M L4 – Monthly H4 Camarilla (Very Strong Monthly Support)
POC- Point Of Confluence (The zone where we expect price to react aka entry zone)
Article by Admiral Markets
Source: EUR/USD Still Supported Above Retail Gap
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