Since the French Election the EUR has strengthened across the board. As a consequence of that we' seen a strong risk-off sentiment in the market. At the time of my writing this equities are up in Americas and Europe. Targeting the 140.20-140.00 level as a buy zone, And then targeting 141.44 to 142.00 with our take profits. Stop Loss at around 139.6 but 139.00...
I have no intention of trading this. But I want to monitor it. We say huge gains in GBP this week b/c of the snap election announcement. Seeing as it's a Friday with a large risk event this weekend(French election). I suspect there will be profit taking for GBP.