EUR/USD – Bullish continuation pattern

Thursday’s bullish engulfing/bullish outside day candle, coupled with a bullish break from the rising channel signals continuation of the rally from the low of 1.0341 (Jan low) and could yield a break above 1.10 levels.
However, in the current situation i.e. a day ahead of the French election it is advisable to stay on the sidelines despite the bullish break on charts or at least avoid carrying overnight longs.