France has elected a new president to replace Jaques Chirac, a staunch conservative that has promised wide economic reform from it's current policy of being a liberal social welfare state. The Sunday Times reports that the Paris suburbs have thousands of riot police on stand-by.
Why do currency traders care - If you are asking this question - you should consider another way to put your money at risk. The French suburbs erupted in violence in 2005 and spread throughout France - causing the Euro to tumble.
Combine this with the fact that Nicolas Sarkozy has repeatedly made comments regarding the Euro being too strong and that its strength versus the US Dollar is "a serious mistake".
Below is a 60 minute chart of the Euro-USD that shows the currency pair trading in a Fibonacci Box
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