Following the gap caused by the French election results, which indicate that Le Pen has little to no chance of winning the second round, we are touching the downwards sloping trendline which has been in place since May 2016. I believe that with the French and Dutch election more or less decided the chance of another country leaving the EU has significantly decreased lifting some pressure from the Euro. Should we break above this trendline I believe we could see the 2016 highs at 1.15 again or even higher. Watch this space!
