EURUSD remains above 1.0700 after French tragedy
The situation in France is tragic and I echo the sentiments if my colleagues and the readership in offering sympathies to those affected. The French people are some of the most proudest and resilient in the world and they have the strength to stand up, puff their chests out and stand by their values and countrymen
It's always difficult to think about trading after events like this but the world doesn't stop turning and French traders would certainly have been determined to show that it's business as usual in France, despite the sorrow
The euro was obviously one of the markets that would have been affected but given we've had the weekend to put things into perspective, the reaction has been muted
1.0700 has been the level that's held up now on more than a few occasions. We've had looks below but we still haven't had a close below
EURUSD daily chart
The market in general will naturally trade with a mild edge of fear for a few days and will react to any headlines crossing the wires like that of the Place de la Republique fairly swiftly. While we hold 1.0700 that will be encouragement for longs but a real break could be fairly volatile if the pressure is mounting
In around 5 minutes we get the final October Eurozone inflation numbers and then Draghi is speaking at a Plenary event in Madrid at 10.15GMT
