EURUSD traded in a wide trading area of 391 pips, as it puts a high of 1.1299 and a low of 1.0908. In initial trading sessions, during the U.S Elections vote was upheld, the USD continued to trade lower concentrating the risk. But eventually, the USD strengthened following the final voting results. EURUSD is trading at 1.0937 moreover the market is yet aligning itself to fundamental value.

Fundamentals:

EUR:
French Industrial Production m/m
French Prelim Non-Farm Payrolls q/q
Italian Industrial Production m/m

US:

Unemployment Claims
FOMC Member Bullard Speaks
Technicals:

EURUSD is trading presently beneath the resistance level of 1.1125 was broken on the preceding trading day on account of the U.S Presidential Elections volatility. The significant resistance is located nearby 1.1020 & 1.1445, whereas the support prevails at 1.0900 and 1.0820.

Support & Resistance Levels

R3: 1.1412
R2: 1.1265
R1: 1.1174
Pivot Point: 1.1027
S1: 1.0880
S2: 1.0789
S3: 1.0642

Recommendation
Buy Above: 1.0910
Take Profit:
• 1st @ 1.0970
Stop Loss @ 1.0875

EURUSD-Chart

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