Dear Traders,
According to my analysis about US election and its effect on EURUSD, today I'm going to analyze what will happen to EURUSD.
If you check the news or even trading view you see that Joe Biden wins US election polls and people like him. Joe Biden is democrat and as I told you with winning Joe Biden we can predict fall of chart and rise of US Dollar value.
It seems that Joe Biden is the winner of US election but we have to wait and see what will happen.
I give a some reasons that EURUSD will fall and winning Joe Biden validate this reasons:
1. Price has tried to break the green trend line but it couldn't.
2. Channel breakout has happened and we have nice rejection from MA 50.
3. At last candle, price has tried to goes up but it couldn't and the rejection shows the supply in market.
4. Price will face an strong level and breaking this level will show us the power of sellers.
5. Strong momentum with increasing volume.
**This is not an investment advice. Your capital might be at risk.**
Good Luck...
According to my analysis about US election and its effect on EURUSD, today I'm going to analyze what will happen to EURUSD.
If you check the news or even trading view you see that Joe Biden wins US election polls and people like him. Joe Biden is democrat and as I told you with winning Joe Biden we can predict fall of chart and rise of US Dollar value.
It seems that Joe Biden is the winner of US election but we have to wait and see what will happen.
I give a some reasons that EURUSD will fall and winning Joe Biden validate this reasons:
1. Price has tried to break the green trend line but it couldn't.
2. Channel breakout has happened and we have nice rejection from MA 50.
3. At last candle, price has tried to goes up but it couldn't and the rejection shows the supply in market.
4. Price will face an strong level and breaking this level will show us the power of sellers.
5. Strong momentum with increasing volume.
**This is not an investment advice. Your capital might be at risk.**
Good Luck...
