EURUSD Long in the Medium Term
The results of the Mid Term Elections has caused the US Dollar some weakening, sending EUR/USD towards the 1.1500 level.
It has since bounced off that level and now trading at around 1.1420.
So far no new developments on Brexit and on the Italy situation, while the results of the Mid Term Elections could have a longer term effect of on the USD, sending this pair upwards.
FOMC tonight should also maintain status quo, and we are not expecting prices to move much.
Price could head lower and bounce higher from 1.1360, and eventually head towards 1.1600 levels.
It has since bounced off that level and now trading at around 1.1420.
So far no new developments on Brexit and on the Italy situation, while the results of the Mid Term Elections could have a longer term effect of on the USD, sending this pair upwards.
FOMC tonight should also maintain status quo, and we are not expecting prices to move much.
Price could head lower and bounce higher from 1.1360, and eventually head towards 1.1600 levels.
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