EUR/USD: forecast for May 8-12

EUR/USD rose to 6-month highs ahead of the final round of the French presidential election, which will take place on Sunday, May 7. The market expects that centrist Emmanuel Macron will win the run-off against far-right candidate Marine Le Pen and become France's next president. Unlike Le Pen, Macron wants France to stay in the euro area. That’s why the market has been pricing in his victory by buying EUR/USD. 

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