Euro Declines Amid French Election Uncertainty

Henry_pro Updated   
OANDA:EURUSD   Euro / U.S. Dollar
The euro experienced a slight decline of approximately -0.07% today as market participants anticipate a potential legislative deadlock following the French parliamentary elections.

The euro is currently trading below the 34-day moving average (MA), indicating a short-term downtrend, and is also trading below the 89-day MA, suggesting that the long-term downtrend is being reinforced.

The euro may continue to face pressure if the political situation in France shows no signs of improvement. I personally believe that uncertainty will persist at least until the election results are clearly determined.

Do you have any other predictions?
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