Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD fell below 1.1690
EUR/USD fell below 1.1690

EUR/USD currently below the 1.1650. Everyone is waiting for the results of the US elections, and the direction of the EUR/USD will be determined them.  

US Dollar Strengthens
US Dollar Strengthens

Surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to Nov. 3 presidential elections.

Risk Off Returns Strong
Risk Off Returns Strong

Gold moves to the 23.6% retracement level. It seems that gold loses strength under the current risk-off mood.

EUR/USD enters a consolidation period
EUR/USD enters a consolidation period

GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.

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