The main event for EUR/USD this weekend is the second round of France's 2022 presidential election. The incumbent president, Emmanuel Macron, will compete with Marine Le Pen for the main post in the country.
What to expect from these elections? Back in 2017, there was a huge gap in EUR/USD, when Macron won. And on Monday, the same situation happened after the results of the preliminary election showed that Macron is again leading the votes.
Note that the gap was never closed in 2017, and after Macron's victory, EUR/USD grew almost without a rebound for almost the entire year.
As such, using stop hunting strategy, here are possible targets for the pair:
One of the interesting scenarios with long positions is this:
In short, it is best to be cautious when trading this weekend, taking into account the increased volatility last Monday, after the announcement of the preliminary results of the French presidential election.
The trading idea was based on the Price Action and Stop Hunting strategies.
Good luck and have a nice day!
