On April 24, 2017, the common currency opened with a gap that remains open. The bullish movement was triggered by the Frances' election, from where the pro-Europe candidate Emmanuel Macron won to Marine Le Pen. The Macron's victory aided to drove to the euro to jump from 1.0724 to 1.09185 on the April 24 trading session.
On the technical side, gaps tend to be filled near to 90% of times. Watching this possibility of close, we have two scenarios for the EURUSD pair.
Scenario 1: The gap will be closed.
Scenario 2: The gap will continue opened.
On the technical side, gaps tend to be filled near to 90% of times. Watching this possibility of close, we have two scenarios for the EURUSD pair.
Scenario 1: The gap will be closed.
Scenario 2: The gap will continue opened.