It was a week ago that Euro has face sharp decline against US Dollar. The Brexit and United States Presidential result has increased the political risk specially on European Currencies.
After the first round result of French Presidential Election, the victory of anti-Euro presidential candidate Marine Le Pen abated considerably since assessments show higher chance for Emmanuel Macron to become the next President of France. The first round result has great influence on Euro as it has increased by 4 percent.
Trustworthy Investment companies and banks estimate bullish trend for Euro as the hopes rise among investors for lower political risks. Although it may be a short term trend but well-known financial analysts forecast the higher price for Euro which may touch $1.24 in the long term.
Some optimistic financial Analysts expect even higher price for the Euro as they see the French Presidential Election as the first step for more trusty political environment.
Despite of the fact that the first round outcome shows little probability of Marine Le Pen presidency, still it is not null when we review the US 2016 Presidential Election. A new scandal, crime report or even global political conflict may change the voters choice.