Euro takes a hit as far left comes out ahead in French election result
Likely political gridlock in France leads to market jitters.
EUR/USD unhinged as France in limbo
EUR/USD, although slightly on the back foot on Monday morning, still has the $1.0852 mid-June high in its sights, provided that the 200-day simple moving average (SMA) at $1.0797 underpins.
EUR/GBP takes a beating
Last week's EUR/GBP rejection by the key £0.8484-to-£0.8503 resistance zone has so far taken it to Monday's £0.8440 low, to marginally below the late June lows at £0.8431-30 which should offer support.
Minor resistance can be seen at Friday's £0.8478 high.
EUR/JPY stuck below multi-decade highs
EUR/JPY's advance is taking a breather below its ¥174.74 August 1992 peak.
Minor support around the 1 July high at ¥173.67 currently holds with further potential support being seen at the 24 June high at ¥171.44 and in the ¥170.29-to-¥170.14 region.
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