"With only five days to go until the first round of the French presidential vote on April 23, investors remain focused on the latest polls showing which way the election is moving."
- Investing.com
Pair's Outlook
The Euro closed with gains on Monday and it seems that the upward potential may persist today, as well. In case the pair remains to trade above the weekly PP at 116.21, the Euro may appreciate even further with no set boundaries restricting the upward motion up to the 61.8% Fibo. The hourly time-frame demonstrates the formation of a possible short-term upward channel that may direct the pair's movement for the following trading hours, at least. Technical indicators remain bearish, favouring the idea that the current appreciation may only be a short-term correction.
Traders' Sentiment
Traders continue to increase their bullish sentiment today, as 72% of open positions are long. Meanwhile, 58% of pending orders are to buy the Euro.
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