Euro backs off highs as German coalition talks eyed

The euro pulled back from earlier highs after briefly rallying following the election victory of Germany’s conservatives. Investors were also looking for clues to see if Germany will loosen its constitutionally enshrined ‘debt brake’ rule that limits the budget deficit to just 0.35% of national output.

The Euro-Dollar price remained largely unchanged in the last session. The Stochastic indicator is giving a positive signal.
Support: 1.0371 | Resistance: 1.0596