The pair EUR/USD consolidates below the 1.0710, while we are more than a few hours of the close of the Forex.
Indeed, EUR/USD was down today, probably on of the adjustments of positions and reduction of exposure after the recent rally.
Traders who are still stationed and want to keep positions open by the weekly close should be aware of the risk of gap and of volatility at the opening of the Forex on Sunday evening. The risk must therefore be reduced to a minimum, with smaller positions, stops at the height of the entry points (which do not provide a risk in the event of gap beyond the stop) and ideally a closing of all positions.
The basic scenario that seemed to be emerging was a duo head with Macron and Pen, with a possibility that Macron is in front, but the events of yesterday evening may completely upset these forecasts, which were already few, some.
The re-opening of Sunday bit so as well, near the 1.06 to 1.08, see beyond.
Let’s not forget that it is only the first round, and that we will still be able to position themselves for the second round, with a possible trend between the two towers.
The pair EUR/USD is currently trading at 1.0693 on the Forex.
Chart EUR/USD H1
See also our charts EUR/USD in real time.
This chart has been realized with the trading platform TradingStation 2 provided by FXCM France.