adriel.arrasmith
Short

Sell EURUSD Ahead of Election

FX:EURUSD   Euro/U.S. Dollar
I am switching my USDOLLAR             bias from bearish to bullish for now. As we know November is a seasonably bullish USDOLLAR             month especially against the Euro             . The USDOLLAR             Index has support right now and we're seeing gold             sell off from the major $1300 area, which agrees with this. Clinton is currently leading the polls and odds are showing a pretty surefire win, which makes sense as to why we're seeing the dollar run up as well as equities. From a technical perspective the EURUSD             retested the 1.115 area, which was previous support and then just shy of the retest of the trendline . Afterwards we gapped down and now we're forming a pin bar . I am looking to sell targeting 1.085 then we will look for targets lower from there. I know it may seem like a risky trade with the elections, but I think the odds are in your favor here.
Any update? What is your current view?
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