Trade The World
EUR/USD: French PM survives another day – OCBC
Oleh FXStreet Insights Team
Tarikh Diterbitkan: 15 Oct 2025 | Tarikh Diubah: 15 Oct 2025
POPULAR ARTICLES
Euro (EUR) was a touch firmer overnight as political uncertainties in France found a breather. EUR last seen at 1.1637 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Euro (EUR) was a touch firmer overnight as political uncertainties in France found a breather. EUR last seen at 1.1637 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Fragile situation still warrants caution for EUR bulls
"French PM Lecornu pledged to suspend President’s Macron pension reforms, and importantly, he reversed the proposed increase in retirement age from 62 to 64. Socialist party (PS) agreed to not join efforts to topple the government. PM Lecornu faces 2 no-confidence motions and he faces a real risk of being ousted if Socialists join forces."
"Macron had indicated that any vote to topple Lecornu’s cabinet would force him to dissolve parliament and call elections. The fragile situation still warrants caution for EUR bulls in the interim though the broader fundamental outlook remains supportive of the euro, suggesting a bias for buy-on-dips approach (but requires patience)."
"Bearish momentum on daily chart shows signs of easing while RSI rose. Resistance at 1.1640 (100 DMA, 23.6% fibo), 1.1690/1.1700 (21, 50 DMAs). Support at 1.1550, 1.1460 (38.2% fibo retracement of Apr low to Sep high)."
FXStreet
Lebih sejuta pengguna bergantung pada FXStreet untuk data pasaran masa nyata, alat carta, pandangan pakar dan berita Forex. Kalendar ekonomi yang komprehensif dan webinar pendidikan mereka membantu pedagang kekal bermaklumat dan membuat keputusan yang dikira. FXStreet disokong oleh pasukan kira-kira 60 profesional di ibu pejabat Barcelona dan pelbagai wilayah global.
Read More
