04/11/2020 #EURUSD #FOREX Elections outcome will decide it all
This is a late post and price has already moved. But my levels are not based on what's past so everything is moving according to levels.
From yesterday's strong up candle, we would expect today to continue but as can be seen, it has been whipsawing.
My bias zone would be at 1.1712-20; safer to go long above and short below.
As the election results is going to come out, it remains anyone's guess as to how the day will pan out. For now, bearish momentum still persist, but as I always say, news can change anything.
Upside targets will be 1.1766, 1.1786, with resistance zone at 1.1802-12 capping high of day.
Downside targets will be 1.1692, 1.1678, 1.1646, 1.1616-18 and 1.1562-72. In the event of strong selling, I will be looking at 1.15 to cap low of day.
Trade safe.
From yesterday's strong up candle, we would expect today to continue but as can be seen, it has been whipsawing.
My bias zone would be at 1.1712-20; safer to go long above and short below.
As the election results is going to come out, it remains anyone's guess as to how the day will pan out. For now, bearish momentum still persist, but as I always say, news can change anything.
Upside targets will be 1.1766, 1.1786, with resistance zone at 1.1802-12 capping high of day.
Downside targets will be 1.1692, 1.1678, 1.1646, 1.1616-18 and 1.1562-72. In the event of strong selling, I will be looking at 1.15 to cap low of day.
Trade safe.
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