EURUSD

In Germany's federal elections, nearly 60 million voters participated, marking the highest turnout rate of 84% since 1990. According to exit polls, the Christian Democratic Union/Christian Social Union (CDU/CSU) leads with 29% of the votes, while the far-right Alternative for Germany (AfD) holds the second position with 20%. Current data indicates that no party will be able to govern alone; therefore, CDU leader Merz emerges as a prime ministerial candidate to be closely monitored during the coalition process.

The Classic Dollar Index maintains its optimism above the 233-day exponential moving average, while trading below the 34-day average due to short-term reactionary sentiment. The EUR/USD pair is expected to test the range between 1.0425 and 1.0460. Staying above this level could allow the pair to target 1.0542, 1.0580, and 1.0630.