Thursday’s bullish engulfing/bullish outside day candle, coupled with a bullish break from the rising channel signals continuation of the rally from the low of 1.0341 (Jan low) and could yield a break above 1.10 levels.
However, in the current situation i.e. a day ahead of the French election it is advisable to stay on the sidelines despite the bullish break on charts or at least avoid carrying overnight longs.
However, in the current situation i.e. a day ahead of the French election it is advisable to stay on the sidelines despite the bullish break on charts or at least avoid carrying overnight longs.