The euro continues to climb despite looming French elections

There’s reasons to be cautious
The euro is confounding my expectations of it so far this week. I was tipping it to have a soft tone with the French election risk on the doorstep. However, other news and events have taken over and the euro has seen nothing but gains all month. The main election hedge trading was being done in EURJPY so perhaps that’s let EURUSD off the hook somewhat.