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Trade On U.S election
- If Donald Trump scores a shock victory in the US presidential election and EUR/USD is expected to trade higher. The pair's major resistance is around 1.1200 (trend line joining 1.16163 and 1.13663) and it is good to go long above this level for the target of 1.11300/1.13660.
It is good to buy above 1.1200 with SL around 1.1150 for the TP of 1.1300/1.13660. Or
- If Hilary Clinton wins the presidential election the EUR/USD is likely to decline further. The pair has already broken the major support at 1.1055 and is currently trading around 1.10375. The immediate support is around 1.1000 (10- day MA) and any break below targets 1.0960/ 1.0900 in the short term.
It is good to sell below 1.1000 with SL around 1.10550 for the TP of 1.0930/1.08500.
