EUR/USD correction to the Macron victory for 1,0970

FXStreet — After the Eröffnungsgap to new multi-month high above 1,0000, moved the EUR/USD to 1,0970/60.

EUR/USD offers after French elections

Buy the rumor and Sell the fact seems to be ahead of the European opening bell called for, after the independent candidate Emmanuel Macron, the second round of the French presidential elections with 65% to 35% against the right candidate, Marine Le Pen has won.

The Couple was with the opening of the Asian trade in 1,1020/25, where it most recently in early November, The EUR traded seller quickly came in the market and optimism was lost.

Later expected us factory orders in Germany and the Sentix Index. From the other side of the pond, there are then the Fed’s labour market condition Index and the Speeches by St. Louis Fed’s J. Bullard (2019 voters, centrist) and the Cleveleand Fed President, L. Mester (2018 voters, dovish).

EUR/USD significant levels

Currently, the daily loss is -0,07 % 1,0990 and the next supports lie at 1,0880 (Deep-3. May), 1,0850 (Deep 27. April) and 1,0832 (200-day SMA). On the other hand, Resistances can be found at 1,1020 (High-8. May) and 1.1300 (High-9. November 2016).

** FXStreet News Editorial, FXStreet**

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