The biggest loser? That goes to current chancellor Olaf Scholz's SPD as they lost a huge chunk of support to end with roughly ~16.4% of the vote. That is the worst result by the faction in a federal election. Ouch. The Greens are the other notable standout, securing ~11.6% of the vote but also down slightly from their previous showing.
One key thing to be mindful about when viewing the coalition is their respective views n the German debt brake.
But if Merz wants support from the other parties, he will have to find some willingness to give a little. So, that could be what markets are hoping will happen.
Circling back to the EUR/USD chart above, it looks like buyers are keeping poised in search of an upside breakout above 1.0500. But is it coming a little too slowly and too late?
That means buyers will have to really do a lot more to convince of a stronger break higher, with the push above 1.0500 being just a starting point. There also needs to be a strong follow through to break the 100-day moving average for this to turn into a stronger trend beyond this week.
This article was written by Justin Low at www.forexlive.com.Hence then, the article about euro in search of a breakout on german election results was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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