EUR/USD was thrilled during
yesterday’s trading and tried to push higher, marked an intraday high at
1.1110, but closed lower at 1.1040. The pair sloped under the range and
couldn’t clearly break above the 200-day ЕМА.
Monday’s mood seems to be extended
into today as markets are already pricing the US votes. Initial results are
showing a slight advantage for Mrs Clinton and therefore equities and
commodities currencies were elevated. Meanwhile some macro data in Europe was
release, but markets ignored it, as the attention is focused on the US election
day.
The EUR/USD is feeling under great
pressure and the pair fell to previous lows and was testing the 1.1010 level.
Clinton’s victory might drive the pair downwards to October 25th low at 1.0850.
Indicators are placed within negative
territory. RSI is currently at around 36% level and stochastic is showing
oversold market, both confirming the bearish trend.
Anyway the elections results have the
last saying and the pair’s direction is still being uncertain.
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