Trading Insights

EUR/USD

Euro Slips on French Political Uncertainty and U.S. Growth Beat


The euro trades cautiously bearish after touching support, pressured by stronger U.S. GDP and fresh concerns over France’s debt crisis. A confidence vote for Prime Minister Bayrou adds political risk, widening French–German bond spreads. RSI near 50 trends downward, and MACD signals renewed selling.
Key Levels: Support at 1.1580 / 1.1514 | Resistance at 1.1733