EUR USD during the France election
4/24/2017 8:02:28 AM
After France election with opening of Forex market, the EUR/USD succeeded to breach higher to fresh 2017 peaks near 1.0918, though it has given away some ground to the current mid-1.0803s subsequently.
Spot opened with a gap higher to fresh yearly tops around 1.0920 on Monday amongst a prevalent risk-on context in the global markets following the results from the French elections.
Currently, the pair is gaining 1.11% at 1.0846 facing the next obstacle at 1.0903 followed by 1.0918 and then 1.1005. On the other hand, a break of 1.0840 would goal 1.08219 on the way to 1.0778.
FOREX market analysis by FxErvin.