I want to ask you, how did you come up with the idea that eur usd will decline sharply hours before the close before the french elections?
On almost every blog we see people talking about the epic upcoming event with polls indicating 60% of votes in favour of presidential candidate Macron who is in favour of
France staying in the EU and part of the euro currency country group?
Don't you think this is really bad for people to suggest such a sharp decline while eurusd is expected to raise by more then 50 pips according to most blogs?
According to me if forex traders open shares short with a free margin of less then 80% and leverage above 100, I expect many many margin calls.
I am curious about your response,
Recent election results before the final results indicate 65% of votes during today's voting, before the market opens we get the final results.
This is about the same as the polled 60% to 62% of votes on thursday and friday.
I think, with national elections , when it affects a currency, if votes are in favour with more then 7% difference it is generally safe to open positions on the forex markets with larger margins then usual,
and oftenly , this is extremely profitable, you could expect more then 100 pips profit at the opening in many cases, in 2017, there are more elections upcoming in the eurozone, such as the extra important german elections, my bet is, also with this election, there could be a large increase in value of the eurusd forex pair.
so, let's see what happens, and, good luck with the next european election this year!
Something like this? :)
Hows your view on usdjpy
Looks like also going down, but both cant go down togather?