EUR/USD has weakened considerably after the German election in which Angela Merkel's CDU/CSU party won only 218 seats as it's vote share declined to 33% this year from 41 % in 2103. I am expecting this weakness to persist for most of this week. Upcoming Friday's US Non Farm Payroll will shed further light on the direction of EUR/USD.
![](http://www.dukascopy.com/imageserver/img/0e61991887e52ad76b01520ef336c700/500_2/image.jpg)