FX.co ★ Trading tips for EUR/USD

France will hold its presidential elections on April 10. The fight will be between the incumbent President Emmanuel Macron and the opposition represented by Marine Le Pen.

At the last election, where Macron won, EUR/USD opened with a gap and made a year-long rally of as much as 17,000 pips.

As such, there are two zones of accumulation in the pair right now. The first one is the support-resistance level at 1.09445, while the second one is the yearly low at 1.08. Traders could prompt false breakouts at these levels.

Keep in mind that volumes should be reduced, and that traders should be careful when rolling over positions through the weekend because of possible increased volatility amid the results of the elections in France.

The trading idea is based on the Price Action and Stop Hunting strategies.

Good luck and have a nice day!