EUR/USD: Macron-Le Pen result sustains risk sentiment on the forex (Nomura bank)

Nomura has entered a buy order on the EUR/USD and expects a continuation of its rise on the forex.

"The EUR/USD pair opened with a sharp rise and we expect the move to continue, while the euro has been undervalued due to the election's risk premium. But also because inflationary pressures in the euro zone and a less accommodating ECB should benefit the euro.

We are therefore buying the EUR/USD and we expect a rise to 1.15."

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EDIT: As we are very familiar with French politics, we are 99.99% positive that Le Pen stands no chance of winning. We expect the EUR/USD to soar upon the market open on Monday 8 May. You read it here first!!!!!!!