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The end of the French Presidential elections was marked with a Macron win. The EUR/USD did not have much more room to the upside after its continuous rise over the past couple of weeks and indeed it gained only 10 pips from Friday's close on the news, before drifitng down.
For now we are avoiding a trade in the EUR/USD, but a SHORT importunity arose in the EUR/GBP pair. Initally we were aiming for a relatively small profit target but it has the potential of moving toward 0.842, so profit target was set at 0.8320.
The EUR/NOK appears strong still. Nevertheless, it's a risky trade. We entered into a LONG trade with a small position to profit from a potential big move upwards.
More time than one trading day is needed in order to determine whether price action will go back to "normal" in the euro pairs after the French elections. Even if that's the case though, June isn't in lack of political developments either, so trading will continue to be trickier than usual.
For now we are avoiding a trade in the EUR/USD, but a SHORT importunity arose in the EUR/GBP pair. Initally we were aiming for a relatively small profit target but it has the potential of moving toward 0.842, so profit target was set at 0.8320.
The EUR/NOK appears strong still. Nevertheless, it's a risky trade. We entered into a LONG trade with a small position to profit from a potential big move upwards.
More time than one trading day is needed in order to determine whether price action will go back to "normal" in the euro pairs after the French elections. Even if that's the case though, June isn't in lack of political developments either, so trading will continue to be trickier than usual.
