Trade EUR/USD on U.S elections

FX:EURUSD   Euro Fx/U.S. Dollar
487 0 12
Trade On U.S election

If Donald Trump scores a shock victory in the US presidential election and EUR/USD             is expected to trade higher. The pair's major resistance is around 1.1200 ( trend line joining 1.16163 and 1.13663) and it is good to go long above this level for the target of 1.11300/1.13660.

It is good to buy above 1.1200 with SL around 1.1150 for the TP of 1.1300/1.13660.

If Hilary Clinton wins the presidential election the EUR/USD             is likely to decline further. The pair has already broken the major support at 1.1055 and is currently trading around 1.10375. The immediate support is around 1.1000 (10- day MA) and any break below targets 1.0960/ 1.0900 in the short term.

It is good to sell below 1.1000 with SL around 1.10550 for the TP of 1.0930/1.08500.
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