EUR/USD PRICE FORECAST: CRUCIAL RESISTANCE LEVEL EMERGES ABOVE 1.0500

EUR/USD PRICE FORECAST: CRUCIAL RESISTANCE LEVEL EMERGES ABOVE 1.0500
EUR/USD gains traction near 1.0470 during Tuesday’s Asian session.
Negative outlook remains below the 100-period EMA with a bearish RSI indicator.
Initial support at 1.0400, first resistance at 1.0525-1.0530.
Euro strengthens as the CDU and CSU are set to lead Germany after the federal election, ending political instability.