If this clears previous high by a few pips on a break out ,normally a sign of reversal,wait and see how it plays out.
SMA bounce has taken EUR higher,next up is the spike from earlier to clear.
Nice move on my Eur/USD trade ,1.15200 held support.
This is a common occurrence in EUR/USD pair , you will know what I'm talking about if you trade this pair.
Will see if 1.15200 gets broken for further weakness.
Good thing I didn't take any positions at 1.16 euro in a weak position over elections drama .
Gap closed as expected ,gonna hold out for test of 1.16.
Opened higher but most likely this gap up will close,thats how I would trade it ,wait for the re test
Up 60 pips from initial position on this Long
Some EU data releases at bottom of the hour