HomeContributorsTechnical AnalysisDaily Technical Analysis: EUR/USD Still Supported Above Retail Gap

Daily Technical Analysis: EUR/USD Still Supported Above Retail Gap

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 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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