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The EUR is in the red across the Majors

EUR
  • While the Dollar is mostly in the green against most G10s, the early focus in FX is on the EUR, with the Currency in the red versus all the majors, following European parliamentary election results, and French Macron calling for a snap Legislative Election.
  • Best early performer against the EUR is the AUD, up 0.62%, but still well within last week's range.
  • In terms of Charts, market participants will be watching the EURGBP, gapped lower and trades near a 2yr low, lowest since the 26st August 2022.
  • EURGBP now test immediate support right here at 0.8454 76.4% of the Mar 7 - Sep 26 ‘23 bull phase.
  • Further downside momentum opens to 0.8408 Low Aug 24 2022.
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