Macron Reappoints Lecornu to Break Political Deadlock
EUR/USD turned cautiously bullish after President Macron reappointed Sebastien Lecornu as Prime Minister in a bid to stabilize French politics. Lecornu’s mandate is to pass the 2026 budget and lead a technocratic “government of mission” focused on fiscal discipline and essential reforms, though political fragmentation remains a major challenge.
Key Levels: Support at 1.15523 | Resistance at 1.17200
Investor Takeaway: RSI at 57 below MA line trending downward with flat MACD buying pressures; the move calms markets temporarily, but deep structural divisions in France persist.