France’s Debt Burden Threatens Growth Ahead of 2027 Elections

France's debt burden and the risk of growth slowdown ahead of the 2027 elections may slightly negatively impact global risk perception. GOOGL, with strong technical indicators (RSI 65.8, MACD positive, SMA20 > SMA50), remains in an uptrend. In the short term, a slight correction may be expected within 1-3 days due to risk-off sentiment, but the likelihood of a major decline is low. Investors should continue to maintain their positions by evaluating technical signals and macro data together.

EURUSD is trading at 1.1428, experiencing a slight decline over the past 24 hours. The RSI at 46 is below the neutral zone, indicating weak momentum. The MACD line is below the signal line and in negative territory, supporting a short-term bearish trend. The price is below both the 20-day and 50-day simple moving averages, suggesting that selling pressure may continue from a technical perspective. News regarding France's debt burden could increase concerns about eurozone economic stability, putting downward pressure on the euro. However, confidence level is moderate as the decline may remain limited.

The DXY is trading flat at 100.95, with the RSI at 51 in neutral territory. The MACD is near the zero line and above the signal line, indicating weak bullish momentum. News of France's debt burden could heighten concerns about the Eurozone, potentially providing limited safe-haven flows to the dollar. However, the DXY's proximity to its 20- and 50-day moving averages suggests no clear short-term direction. Therefore, a sideways trend is expected over the next 1-3 days.

Negative news regarding France's debt burden could exert pressure on the index. Technically, the RSI is in a weak zone at 42, and the price is trading below the 20-day moving average. The MACD remains below the signal line, indicating weak short-term momentum. However, the price is hovering near the 50-day average, which could act as a support level. Selling pressure is expected to persist due to the news, but since the index has not entered oversold territory, the decline may be limited.