EUR/USD below 1.0820 and 10-day MA at 1.0825 after trading at 1.0852 at open

Knee-jerk move higher was due to Macron winning French election nL1N2WM021

Macron win expected and bigger reaction would have been to a Le Pen upset

EUR/USD closed Friday at 1.0809 and the market is now filling in the gap

A break below 1.0805 targets Friday's 1.0771 low

With French election over, focus to shift back to central bank expectations

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