Tuesday, November 8, 2016

Intra_day Analysis: 1.1144-----War Zone for Euro

The outcome of the Elections in the United states will surely have a big impact on the USD in the coming days or maybe weeks.

Eurusd, one of the currency pairs expected to be hugely affected by this event, has been in a sideway move since March 2015 after about 18 months free fall.

The bears made a strong statement in August from an intra_day view with what could be an impulse wave drive.

With a fast correction upside and a strong resistance at 1.1144, price may continue downside especially if the support trendline is broken below.

A break above 1.1144 will mean that the bulls will be in control again (from an intra_day degree) .

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