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Euro whipsawing amid tight US Presidential race – EUR/USD Market Outlook – 04/11/2020


The Game of the Throne has started! Euro jumped as high as 1.1770 during the Asian session as risk-sentiment recovered after Biden was leading the US election polls by a mile. However, the lead didn’t last for long as the pair U-turned and fell towards 1.16 once Trump recovered. At the time of writing, Biden had 225 electoral votes and Trump 213, a candidate needs an absolute majority of 270 or more to win the election. Today, we expect the volatility to resume throughout the day as the Presidential results are still ongoing. The levels we are watching closely are the 1.16 support and the 1.1770. We need a break to either side to confirm further follow-through.

Support: 1.16/ 1.1540
Resistance: 1.17/ 1.1770

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/euro-whipsawing-amid-tight-us-presidential-race-eur-usd-market-outlook-04-11-2020
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