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> EURUSD November 7, 2018 Weekly Analysis
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EURUSD November 7, 2018 Weekly Analysis

Exclusive Capital Ltd.

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The EURUSD appreciated this morning after the U.S. midterm election results that the U.S. Democrats regained control at the House of Representatives for the first time in eight years. The task of additional tax cuts and infrastructure spending for Trump's government next year becomes more difficult. In addition, the next significant U.S. Dollar scenario will be this Thursday’s Federal Reserve monetary policy announcement. The possibility at the moment for another interest hike in December is more than 70% priced in by the market. Major support is found at the 1.1340 and resistance at the 1.1550.

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Source: https://www.exclusivecapital.com/eurusd-november-7-2018-weekly-analysis/
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