EUR/USD has dropped due to German election results.
This article is originally referred from Fortrade News.
The German election results delivered the expected result as current Chancellor Angela Merkel managed to win a fourth term.. However, a major problem is on the way as Angela Merkel has not won enough votes to make a government on her own comfortably.
Merkel will probably need to make a coalition with the Free Democrats and the Greens in order to avoid greater political uncertainties. In addition to that, the anti-immigration Alternative for Germany came third with 12.6% of the votes, enough to win seats in the Bundestag for the first time.
Thanks to these turbulences, the EUR/USD traded down 0.63% from Friday’s close.
If you think EUR/USD will continue to go down, click on the SELL button, or if you think it will go up, click on the BUY button.
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Original Source: Fortrade News