French political uncertainty grew after the approval of a no-confidence vote against the government, leading to increased selling of the euro. However, far-right leader Marine Le Pen calmed fears by saying, “The 2025 budget can be passed within the next few weeks.” This reduced uncertainty and pushed the EUR/USD back up to 1.0589, though it closed below the high of 1.0597 reached on the 29th.
Before the release of today’s U.S. jobs report, Germany’s industrial production data and the Eurozone’s GDP figures will be announced.
Even if the U.S. jobs report shows stronger-than-expected results, the weak European economy compared to the U.S. will likely remain unchanged. While the euro might temporarily gain, the strategy should focus on selling during rebounds.
Predicted Range for EUR/USD: 1.0650–1.0460
Note: The above information does not guarantee profits. Make your own decisions when trading.