The U.S. Presidential election is finally upon us and the outcome is anything but certain. That said, we are anticipating that Donald Trump will fail to get elected and a Hilary win will be positive for the U.S. dollar and the EURUSD in particular, since this pair has started rallying in the aftermath of the latest political developments on the Friday when the FBI announced a reopening of the investigation against Hilary Clinton. We expect all of those gains to be eventually given back. Our initial target for a short position here is 1.0990.
Comment: Stops are at 1.1080