The EUR/USD pair recovers some lost ground to near 1.1220 during the early Asian trading hours on Monday. However, the potential upside for the pair might be limited amid concerns over French unrest and political risks. Germany’s IFO reports are due later on Monday. CNBC reported that protests throughout France over the worsening cost of living and growing inequality turned violent for the second consecutive weekend. France’s Interior Ministry reported that approximately 410,000 people participated in protests across several major cities, including Paris. Concerns about growing unrest in France and the country's worsening budget problems might exert some selling pressure on the shared currency in the near term.
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