EUR/USD PRICE FORECAST: NEAR-TERM OUTLOOK REMAINS UNCLEAR

EUR/USD PRICE FORECAST: NEAR-TERM OUTLOOK REMAINS UNCLEAR
EUR/USD PRICE FORECAST: NEAR-TERM OUTLOOK REMAINS UNCLEAR

EUR/USD PRICE FORECAST: NEAR-TERM OUTLOOK REMAINS UNCLEAR

EUR/USD regained strength and surpassed the key 1.0500 level.

The US Dollar faced fresh selling pressure.

Political concerns in France eased, supporting the Euro.

EUR/USD recovered part of Monday’s losses, moving away from recent lows.

The recovery was driven by US Dollar weakness and diminishing political uncertainty in France despite PM Barnier facing a no-confidence vote.