EUR/USD back above 1.05 – euro catching a bid from German election results

I posted earlier on the German Federal election outcome:

• Euro rises in early Asian trade after German conservatives win election

and

• Germany election – Complicated coalition negotiations ahead – economic outcome scenarios

EUR buyers are liking the outcome, adding to euro gains over the past week or so – there does appear to be some to work to do around current levels:

This article was written by Eamonn Sheridan at www.forexlive.com.