Euro fight back?
EUR/USD broke it’s 2 week loosing streak & rallied this morning with the change in market sentiment ahead of the US elections.
Stocks are rallying & the Dollar is pressured as Biden looks to be the front runner to be elected as the new President.
Price broke the 1 week descending trendline & now trading on resistance at 1.1705.
Bulls look to target resistance level 2 at 1.1758 which will coincide with a breach of the ascending trendline & 50/200 SMA.
If we see the election being contested we could see sentiment change & price fall back towards support at 1.1610.
Markets will continue to be volatile make sure to minimise risk.
Support: 1.1610 - 1.1568
Resistance: 1.1705 - 1.1758
Stocks are rallying & the Dollar is pressured as Biden looks to be the front runner to be elected as the new President.
Price broke the 1 week descending trendline & now trading on resistance at 1.1705.
Bulls look to target resistance level 2 at 1.1758 which will coincide with a breach of the ascending trendline & 50/200 SMA.
If we see the election being contested we could see sentiment change & price fall back towards support at 1.1610.
Markets will continue to be volatile make sure to minimise risk.
Support: 1.1610 - 1.1568
Resistance: 1.1705 - 1.1758
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.