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.
French Industrial Production m/m
French Prelim Non-Farm Payrolls q/q
Italian Industrial Production m/m
FOMC Member Bullard Speaks
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
Pivot Point: 1.1027
Buy Above: 1.0910
• 1st @ 1.0970
Stop Loss @ 1.0875