logo

FX.co ★ EURUSD will fall due to elections in Germany

EURUSD will fall due to elections in Germany

EURUSD will fall due to elections in Germany.

Last minute burning forecast 25.09.2017

The main event on Monday morning: the results of the elections in Germany - the elections strongly weakened Merkel, this will put pressure on the euro.

Merkel's Party (CDU) won first place (33%), but this is the worst result in nearly 70 years of elections, a 9% loss compared to the previous elections. The second concern - AfD got the third place with 12% ("Alternative for Germany") - a radical right-wing semi-fascists, many call them heirs of the Hitler party of the NSDAP.

But the main concern for Merkel is the Socialists (SPD), the second strongest party (20% of the vote) - which pulled out of Merkel's coalition and then went into opposition.

Thus, the only option for Merkel is to form a majority in the parliament - and get the post of Chancellor - head of government - in order to create a coalition with two small parties - the Free Democrats and the Greens - 11% and 9% of the vote. This makes Merkel and her government quite vulnerable and objectively weak.

The weakening of Germany's domestic authorities is inevitably weakening the EU as a whole.

This weakens the EURUSD pair.

We sell the euro from 1.1940 - and are prepared to sell for a breakthrough down from 1.1860.

The level of a cancellation in selling: 1.2005 - with the breakthrough of 1.2005 and afterwards we buy.

EURUSD will fall due to elections in Germany

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account