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[Mtl JP]

the GAP

has the ability to close faster than one can come back froma a toilet break

[Mtl JP]

“extreme right”
–
One could argue about some sort of wake-up call to the so-called mainstream news and political parties but regardless their consternation there is NO EROSION of support for the euro across Europe; odds are low euro is in for a rout related to macron

[GVI Forex 2]

Markets do noit like ucnertainty. Here is an article

Summary

Macron calls early election after far-right surge in EU vote

Finance minister predicts historic impact of French election

Possible hung parliament, risk to Macron’s domestic agenda

Euro and French stocks fall after far-right gains at EU level

PARIS, June 10 (Reuters) – Political parties and business leaders alike tried to figure out what a possible far-right win could mean for France following President Emmanuel Macron’s decision to call a snap election after a bruising loss in a European Parliament ballot.

France weighs up prospect of far-right power as countdown to snap election starts

[Mtl JP]

2:17 u gimme too much credit.

I am wondering if AT could not be used to time a bottom and when to play a long towards closing the gap

[GVI Forex 2]

Listen to JP< he is the King of Gaps

[Mtl JP]

EURO 1.0735
Bias: down
–
S 1.0725 / 1.0675

Some might be getting impatient with the non-closure of the down-gap

[GVI Forex 2]

EURJPY 4 HOUR CHART – WEAKER BUT NO GAP

 

 

Momentum was already pointed down when the geopolitical news hit but there is noi gap.

With JPY acting like a safe haven, watch this cross for signs of EUR weakness.

Next target is clear on this chart at 168.00

[SF Monedge]

First tranche of offers should come in at 9090 AudCad but the risk is there are stronger offers in the 9120-30 area in my view.

[GVI Forex 2]

EURGBP WEEKLY CHART -MIND THE GAP HERE AS WELL

 

 

THIS IS A GOOD CROSS TO USE AS AN INDICATOIR OF EUR STRENGTH IN WEAKNESS, CURRENTLY THE LATTER AFTER THE GAP LOWER OPENING. –GAP is from .8490-.8371
‘
With next key supports noit until the .83xxs, use .8450 as a focal point wiuthin .84-85 and a move above .85 WOULD BE needed to suggest cooling concenrs.

[SF Monedge]

GV re: date..my point is if she is that good she should be forecasting a little as well and pointing out the risk of reversal.

[GVI Forex 2]

Geoplotiical driven markets are a different animal as you will see in this blog article

EURUSD Gaps Lower: How to Trade in a Geopolitical Market

EURUSD Gaps Lower: How to Trade in a Geopolitical Market

[GVI Forex 2]

EURUSD 15 MINUTE CHART – TRENDLINE

I scan through charts looking for whatever indicator is working. AND THEN KEEP AN EYE ON IT.

In this case, using THE Amazing Trader, note how the 15 miunte trendlkine capped the biounce off the low.

[GVI Forex 2]

SF, look at the date and refer to my article on month end trading.

[SF Monedge]

Whoever wrote this had sound reasoning and highly knowledgeable.  The problem is the market doesn’t care about your all-knowing prognostications and did the complete opposite:

 

7:30AM EDT, 5/31/2024 (MT Newswires)—US equity and bond markets outperformed counterparts in Europe and elsewhere during May and some models suggest this is likely to lead to broad US Dollar selling as asset managers rebalance hedging ratios in North American trade on Friday.

[Belgrade Bobby]

What political fallout ? Seriously….don’t pay much attention to main stream media – reality in Europe is far away from their agendas.

[GVI Forex 2]

Conspiracy theory:

I am not privy to the ECB thinking but if I was in its shoes I would be in covertly to limit the political fallout,

[GVI Forex 2]

USDX 4 HOUR CHART – SIMILAR GAP TO ITS EURUSD PROXY  (57.6% of the index)

 

 

Similar gap with EURUSD, liokely market buy mode while above the gap

105.54 and 105.82 are key levels above the market

Geopolitical driven market.

[Mtl JP]

Gap was an overreaction – how do u know ?

are therefore long ?

curr 1.0735

[Belgrade Bobby]

EURUSD Daily

To add some salt to the injury 😀

1.07100 might be the first real test in front of us – from theory to reality : Resistance becomes a Support – but if not, we’re in for a wild ride then.

Gap was an overreaction to EU elections results from last night – too much fuss about nothing….yet another Liberal scare.

 

[GVI Forex 2]

A look at the day ahead in U.S. and global markets by Samuel Indyk

The expected rightward shift in the European Parliament after a four-day election has still managed to jolt European markets as gains for the far-right in France prompted French President Emmanuel Macron to call a snap parliamentary election.

French bonds and stocks were sold off while the euro dropped as political uncertainty had investors heading for the exits.

Morning Bid: Europe jolted by Macron’s snap election call

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