Note: Market is likely to remain less volatile on account of bank holiday in USA and Europe.
EURUSD continued to trade in the less volatile zone behind an enormous volatility in the market on account of the U.S Presidential Elections. EURUSD is trading in a small trading range of 49 pips, as it puts a high of 1.0921 and a low of 1.0874. Greenback continued getting stronger on Thursday as well. EURUSD is trading at 1.0980 and the market lost only 21 pips from the opening price of 1.0907.

EUR:

French Bank Holiday
German Final CPI m/m
German WPI m/m

US:

Bank Holiday
FOMC Member Fischer Speaks
Prelim UoM Consumer Sentiment
Prelim UoM Inflation Expectations
BOC Gov Poloz 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: 1.0992
R2: 1.0958
R1: 1.0937
Pivot Point: 1.0903
S1: 1.0869
S2: 1.0848
S3: 1.0814

Recommendation

Sell Below: 1.0990
Take Profit:
• 1st @ 1.0870
Stop Loss @ 1.1025

EURUSD -Chart

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