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Apr 24 - 05:55 PM

EUR/USD - Gradually Filling In Early Gap As Macron Win Was Expected

By John Noonan  —  Apr 24 - 04:40 PM
  • 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

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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