EUR/USD is trading at 1.0736, 0.01% up since previous day close. As traders in Europe realign themselves in anticipation of Sunday’s French election, risk flows persist and continue to put additional downward pressure on the US dollar. The EUR/USD pair’s daily chart indicates that further advances appear unlikely. With a bearish crossover below the 1.0780/90 price zone, technical indicators have not fully recovered from readings that were almost oversold, maintaining slight upward slopes that are well below their midlines.

GER30 is trading at 18190, 0.16% down since previous day close. Tuesday saw a 1.1% drop in the DAX to the 18125 mark, erasing the previous session’s gains and following its European counterparts lower as tech shares gained ground. Short-term investors should monitor the short-term gain in the German Ifo data, as the DAX30 entered a bearish zone due to the political unrest in France. Airbus and Rolls-Royce led the heavy industries’ share decline yesterday, and the ECB’s remarks could have a significant effect on market movements. The resistance is at 18370, and the nearest support is at 18050.

SILVER is trading at 29.50, 0.06% down since previous day close. On Tuesday, silver prices (XAG/USD) increased. As the XAG/USD pair consolidates within the descending channel pattern, a bearish bias is evident in the analysis of the daily chart indicating that the downward trend has been confirmed. The current trend of commodities, particularly gold and silver, is determined by indecisive major political and macroeconomic news, with the nearest support being 29.29 and the resistance being 29.86.