EUR/USD – Mind the Gap!

Good afternoon traders,

Back at it for another week and markets have opened with some serious gaps all over the place. One notable gap that I wanted to high is on EUR/USD.

Take a look at the 15 minute chart below:

EUR/USD 15 Minute:

Click on chart to see a larger view.

After the FOMC drop was retraced, price has gapped to the downside. But as you can see, price has done nothing but rally up toward it since the weekly open.

With what looks like some serious momentum pulling price toward closing the gap, do you see opportunity to jump on board?

I’ll include the weekly just for higher time frame context:

EUR/USD Weekly:

Click on chart to see a larger view.

Best of probabilities to you.

Dane Williams – Vantage FX

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Source: Vantage FX Blog