We recently had a major gap in the markets after the first rounds of the French Election process. On EURUSD the pair gapped up nearly 200 pips. Price came down quite a bit over the last week, BUT the gap hasn't been filled yet. The market doesn't like holes, and it doesn't like uncertainty. Euro's been consolidating within a 100 pip range, but I believe that the next round of French elections will trigger a drop in EURUSD, filling the gap. This trade has a great risk reward ratio, and comes after multiple retests of the highs. Entry at 1.0910. Stops above 1.0950. Targets at 1.0850's, 1.0775, and 1.0730.
