A new bearish target in sight for EURUSD?
Is there anything today that can turn the tide of this month-long EURUSD crash?
Doesn't seem like it.
Breaking this previous support (which is not that strong to begin with) signals more red candles for EURUSD into the US elections.
Too much Trump hedging in the market to fight against this trend.
Some dates for referencing historical price action of the elections:
November 4, 2008 Democratic Barrack Obama
November 6, 2012 Democratic Barrack Obama
November 8, 2016 Republican Donald Trump
November 3, 2020 Democratic Joe Biden
They can come with huge wicks on both ends!
Doesn't seem like it.
Breaking this previous support (which is not that strong to begin with) signals more red candles for EURUSD into the US elections.
Too much Trump hedging in the market to fight against this trend.
Some dates for referencing historical price action of the elections:
November 4, 2008 Democratic Barrack Obama
November 6, 2012 Democratic Barrack Obama
November 8, 2016 Republican Donald Trump
November 3, 2020 Democratic Joe Biden
They can come with huge wicks on both ends!
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