With various concerns about the EUR and its effect on the economic outlook, the analysts feel that the Euro might gain strength with the upcoming elections and have a strong economic data. With the UK’s departure, we look forward to a stronger Euro after key elections in France and Germany this year.

Marine Le Pen, an anti-EU candidate from France will lead the polls against centrist Emmanuel Macron in the first election round. We expect Macron to win by a greater margin. Meanwhile in Germany, the Pro-European candidates will be contesting for the September chancellor election.

Andres Jaime, a global FX strategist feels that EUR may dip by the end of this year before recovering in the first quarter of the next year. After Trump’s election and Brexit, it is not possible for anyone to predict the exact outcome of Euro’s performance. However, we expect Euro’s trading stance to be on the rise in the upcoming days.

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The information and views expressed herein are NoaFX’s opinion about the market and no responsibility (or liability) is accepted for any factual errors or trading decisions made by traders based on this opinion. The contributor might be involved in trading or hold some positions in the market and accepts no liability arising out of the above information.

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