US Presidential Election EUR/USD Analisys

This is a significant event that could determine the appropriate stance of monetary policy and assess the risks to its long-run goals of price stability and sustainable economic growth.
We don't expect a break of actual support and resistance levels until the end of the votes counting. On Tuesday, as one of the candidates gains advantage we might start seeing a breakout of actual range. A win for Trump would represent a strengthening of the USD while a win for Biden would represent a Dollar weakening.

Kommentera:

As we expected prices raised to resistance levels. A breakout is very probable. We will be looking for buying opportunities.