EUR/USD bears losing momentum, French elections in focus for the open

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EUR/USD bears losing momentum, French elections in focus for the open
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EUR/USD bears losing momentum, French elections in focus for the open By ross_burland EURUSD France Technical Analysis DollarIndex Currencies

result should be reflected in the price for the open as it is euro friendly considering markets prefer the status quo.

Meanwhile, the Russia/Ukraine conflict on the doorstep of NATO and the borders of the EU has rapidly replaced Covid as the key source of global risk. The European Central Bank is bracing for the possibility of a long conflict that raises the prospect of a negative supply shock, elevated energy and food prices and untimely, a higher cost of living.

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