Praise be to price action
If ever you want a huge sign stuffed right under your nose about what the market is trading, this is it. This is a lightbulb moment for trading the French election.
Forget the size of the moves, it's the reaction that matters.
This news has shown exactly how much the market is watching and judging the risks of the French election, and the pairs that are being driven by it. We knew the elections were playing a part but now we know how much.
As we're fond of saying, price action remains king above all. Dismiss it at your peril.
