pattern. Question is, if the pattern is valid after the first
failed triggering, but at least the is intact, and the
D-level stands at 1.0973 in alignment with the Weekly R3 and
lows from June-July 2016. For gap traders a gap breakout is
something troublesome, but it happens that gaps are left behind.
The outcome of the French first round of election was in favour
of the Euro , and the relief may trigger a bigger move up.
A new higher low and higher high is also in place. The pair
is looking constructive even if PA has been somewhat sluggish
for a reversal. The marked on the chart may also become
a resistance on the upside. Only a close below the neckline and
the gap will give cause for concern regarding near term direction.