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.