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.

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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.

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)

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)

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