Chancellor Scholz has initiated a vote of confidence, with the Bundestag set to vote later today. To ensure his survival in this critical political environment, Scholz must secure support from an absolute majority of 367 votes. This situation is pivotal not only for Germany but has broader implications for the Eurozone’s economic direction. Traders and investors are keenly observing this political development as it could affect the EUR USD pair and potentially lead to volatile movements in the forex market. Understanding the outcomes of such political events is crucial for informed trading strategies.