Euro Surges Past 1.08000 after Macron Performs Well in France’s Presidential Debate

The euro gained strongly against the dollar on Tuesday; supported by the performance of centrist candidate Emmanuel Macron in France’s first televised presidential debate late Monday.

The single currency added more than 0.6 percent against its American counterpart, sending the pair EURUSD past the major level $1.08000 for the first time since February 02nd. Markets attributed the rally to the prospects of presidential candidate Emmanuel Macron to win the Elysee race.

In other words, the shared currency found support from a potential failure of far-right candidate Marine Le Pen, who has called for France to follow the U.K. to leave the European Union.

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Buy Stop at 1.08100, Take profit 1.08500, Stop loss at 1.07900

 

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