Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 18 - 09:55 PM

EUR/USD - Opens Firmer, But French Election Uncertainty Caps

By Andrew M Spencer  —  Jun 18 - 07:45 PM
  • Steady after closing up 0.05% with the U.S. dollar down 0.05%

  • France's far-right seen leading in the first round of the parliament vote

  • Far-right leader Bardella needs strong majority to govern France effectively

  • The French election could trigger extreme Euro and interest rate volatility

  • Charts show mixed momentum studies, while 21-day Bollinger bands slip

  • 5, 10, & 21-day moving averages fall - signals maintain a negative setup

  • Targets a test of 1.0594/1.0601, 0.786% of Oct/Dec rise and the April low

  • Monday's 1.0686 low and Tuesday's 1.0761 high initial support, resistance

  • 1.0715 711mln, 1.0745 1.686BLN, and 1.0765 983mln close strikes for June 19

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!