{"id":113491,"date":"2017-09-25T07:45:00","date_gmt":"2017-09-25T11:45:00","guid":{"rendered":"http:\/\/countingpips.com\/?p=113491"},"modified":"2017-09-25T06:46:22","modified_gmt":"2017-09-25T10:46:22","slug":"eurusd-common-gap-after-the-german-election-result","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/eurusd-common-gap-after-the-german-election-result\/","title":{"rendered":"EUR\/USD Common Gap After the German Election Result"},"content":{"rendered":"
September 25, 2017<\/div>
\r\n<\/div><\/div>

By Admiral Markets<\/b><\/p>\n

<\/a><\/p>\n

Chancellor Merkel managed to win a fourth term in Germany’s election on Sunday, but her victory was a bit over-shadowed by the hard-right AfD party which has won 13.3 % according to the source<\/a>. The EUR\/USD reacted with a common gap (head and shoulders, tradable) and I have predicted a possible gap close<\/a> on Twitter<\/a>, straight after the market opened. The has gap almost closed getting only 6 pips away from the Friday market close. At this point the market is still undecided as we have few possible scenarios. The main trend is still up but we might see a dip before the rally. 1.1890-1.1900 is the POC zone (W L3, D L4, channel low, ATR low) and we could see a spike towards 1.1965 and 1.1984, the projected high\/ D H4. If 1.1890 is taken out, the price could drop to 1.1880 and 1.1850 W L4\/ ATR projected low. Volatility is not high at all at this point so the price is a bit calm. More on the EUR\/USD movement will be shown in today’s webinar<\/a> so don’t forget to sign up.<\/p>\n

W L3 – Weekly Camarilla Pivot (Weekly Interim Support)<\/p>\n

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)<\/p>\n

W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)<\/p>\n

D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

D L3 \u2013 Daily Camarilla Pivot (Daily Support)<\/p>\n

D L4 \u2013 Daily H4 Camarilla (Very Strong Daily Support)<\/p>\n

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)<\/p>\n

Follow @TarantulaFX<\/a> on twitter for latest market updates<\/p>\n

Sign up for Live Trading Webinars<\/a> with Nenad Kerkez T<\/p>\n

Connect with Nenad Kerkez T<\/a> on Facebook for latest market updates<\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: EUR\/USD Common Gap After the German Election Result<\/a><\/p>\n

\n

<\/a><\/p>\n

Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets Chancellor Merkel managed to win a fourth term in Germany’s election on Sunday, but her victory was a bit over-shadowed by the hard-right AfD party which has won 13.3 % according to the source. The EUR\/USD reacted with a common gap (head and shoulders, tradable) and I have predicted a possible gap […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-113491","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=113491"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113491\/revisions"}],"predecessor-version":[{"id":113505,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113491\/revisions\/113505"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=113491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=113491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=113491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}