This is what you need to know before the elections results
EURUSD is trading inside a yearly trading range.
There's a daily uptrend line that EURUSD is currently still above.. and from above it has a daily downtrend line and the middle of the range - 1.1 (Resistance Zone).
In case of a bullish move, focus on 1.1.
A breakout above this price zone could send EURUSD towards 1.14-1.115 again to re-test the top of the range
In case of a bearish move, a breakdown of the 1.04 support zone can lead EURUSD towards parity and even lower.
As long as it stays inside the range, you can try and trade the range
There's a daily uptrend line that EURUSD is currently still above.. and from above it has a daily downtrend line and the middle of the range - 1.1 (Resistance Zone).
In case of a bullish move, focus on 1.1.
A breakout above this price zone could send EURUSD towards 1.14-1.115 again to re-test the top of the range
In case of a bearish move, a breakdown of the 1.04 support zone can lead EURUSD towards parity and even lower.
As long as it stays inside the range, you can try and trade the range
Testing weekly resistance zone - Structure and 50 weeks MA line.
Currently above its 200 days MA line.
Short term trading ideas
Short below 1.08 with stop loss above 50 weeks MA line
Or buy above 1.09 with stop loss below 1.08