EUR/USD has dropped to 1.0630 EUR/USD traded within a narrow range near the critical support level of 1.0700 during Monday's early European session.
Investors are concerned that France's economy may face a financial crisis if the far-right party forms a new government.
EUR/USD fluctuated around the 1.0700 level after returning to a Symmetrical Triangle pattern on the daily timeframe. The major currency pair is expected to find support around 1.0636.
Long-term prospects for the pair have turned "negative" as prices fell below the 200-day Exponential Moving Average (EMA), trading around 1.0800.
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