Hello Traders,
Just a heads up for a potential bullish run on this pair which I think should offer a good risk reward ratio and a profit as a result. Last month, this pair was strongly bullish especially the first half of the month. In the second half, price action corrected 30% to current levels. If paste a Fibonacci tool from last month’s Hi-Lo, then price action is reversing at the 61.8% level. This is a significant level and what is even important is that there is a buy signal printed by the stochastics. Because of the combination of all these plus the fundamental event which should influence all Euro pairs, I will trade as follows hoping for a Macron win in the first round.
Buy: 9.12
Stop Loss: 9.04-Just below the 50% Fibonacci level
Take Profit: 9.25
Have a good trading day

eurnok daily chart-18.04.2017

Source: Dalmas Ngetich

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