A picture is worth a thousand words! Current EURUSD pattern is remarkably similar to 2016. Recall that in 2016, EURUSD spiked initially before plunging for the next month. If something similar were to happen, then EURUSD would spike to 1.1900 before reversing lower. This was originally published at scandex.com/2020/10/market-update-10-27-u-s-election-preview/