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Published: 26 October 2026,06:21
Daily Market Analysis New
*Euro: The euro remained under selling pressure as persistent political instability in France weighed on investor confidence.
*French Bond Market: Rising sovereign bond yields and widening French-German yield spreads heightened concerns over France’s fiscal sustainability.
*European Debt Risks: Growing concerns over sovereign borrowing costs across several European economies reinforced uncertainty surrounding the region’s financial outlook.
*Market Focus: Investors await further political developments in France and the upcoming European Central Bank (ECB) monetary policy meeting.
The euro remained under pressure as ongoing political unrest in France and growing sovereign debt concerns continued to weigh on European financial markets. Persistent political uncertainty has raised doubts over the French government’s ability to implement meaningful fiscal reforms, particularly as elevated public debt and borrowing costs continue to challenge the country’s financial outlook.
Meanwhile, continued selling pressure in European sovereign bond markets has pushed government bond yields higher, with widening French-German yield spreads reflecting increased investor concerns over France’s fiscal sustainability. The growing risk premium on French government debt has further weakened market confidence, raising concerns that prolonged political instability could undermine economic growth and investment sentiment.
Beyond France, rising sovereign borrowing costs and fiscal concerns across other European economies have reinforced uncertainty surrounding the region’s broader financial stability. These developments could encourage investors to shift toward relatively safer assets, potentially limiting the euro’s recovery despite changing U.S. dollar sentiment.
Looking ahead, investors will closely monitor France’s political developments, sovereign bond yield movements and the upcoming European Central Bank monetary policy meeting. Further widening of European bond spreads or deterioration in fiscal confidence could extend downside pressure on the euro. Conversely, signs of political stabilisation and improving bond market conditions may help restore investor confidence and support a potential recovery.
EUR/USD, H4:
EUR/USD is trading lower after retracing from the 1.1270 resistance level, currently approaching the 1.1170 support level, which acts as a key near-term downside pivot.
Market attention remains focused on a potential breakdown below 1.1170. A confirmed break could extend losses toward the next support level at 1.1080, reinforcing the bearish short-term structure.
However, momentum indicators suggest that selling pressure may be easing. The MACD is showing diminishing bearish momentum, while the RSI at 51 has rebounded sharply from oversold territory, moving above the midline and showing signs of a bullish crossover. This suggests that buying momentum may be recovering, increasing the possibility of a short-term technical rebound.
If bearish momentum continues to fade, EUR/USD may stage a technical rebound and retest the 1.1270 resistance level, followed by 1.1370 if recovery momentum strengthens.
Resistance Levels: 1.1270, 1.1370
Support Levels: 1.1170, 1.1080
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