EUR/USD opened at 1.0999 and made a first high at 1.1010 after Macron's victory

Ross J Burland FXStreet

EUR/USD is opening higher on the 1.10 handle today after Macron takes the victory in his stride with a landslide win of over 65%.

Markets opened 8pm London time and the euro scored a first high at 1.1010 on an open of 1.0999 according to Bloomberg while Reuters reported a high of 1.1011. The Friday close was 1.0985.

The feelings are that the euro had the Macron win already priced and it could be just a matter of time, once this initial market knee jerk reaction is over, that he sell the fact kicks in and the euro drops.

Support levels:1.0950 1.0900 1.0855 / Resistance levels: 1.1045 1.1080 1.1120.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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