German election concluded largely as expected. Angela Merkel will serve her fourth terms as Chancellor, however, her party (CDU) will have to seek coalition partners. In addition, a far-right party (AfD) will be represented in parliament for the first time since WW2.
EUR/USD didn't like it and opened with about 50-pip gap lower. The gap was closed by the end of the Asian session but the pair headed back towards the lows as Europe opened for business. 1.18 - 1.185 is the current range support and…
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