With projections all confirming Le Pen and Macron into the second round (though varying notably on who is leading), the markets appear comforted by Macron’s position as EURUSD has spike almost 100 pips breaking above 1.09 to 5-month highs…

EUR/USD above 1.09…

To its highest since Nov 11th…

 

Breaking above the 200-day moving average…