EURUSD consolidating
Technical view: After breaking the downtrend line, price action stumbled at 1.20 and retested the line. Now price in a range between 1.16 and 1.20. A break of 1.20 would signal a continuation of the uptrend after the break. Next target level would be 1.24 area. Overall the chart suggests a higher probability to the upside.
Fundamental view: With US election around the corner, all eyes on Trump/Biden duel. With recent events, USD showed weakness as the election is not certain with pandemic disrupting the voting process in many states. While Biden's victory is deemed overall positive for US economy, his victory is not certain.
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Good Luck and Stay Healthy!
Fundamental view: With US election around the corner, all eyes on Trump/Biden duel. With recent events, USD showed weakness as the election is not certain with pandemic disrupting the voting process in many states. While Biden's victory is deemed overall positive for US economy, his victory is not certain.
Please support the idea and share your thoughts on EURUSD!
Good Luck and Stay Healthy!
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