empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

03.11.202009:31 Forex Analysis & Reviews: Brief trading recommendations for the EUR/USD pair on 11/03/20

Exchange Rates 03.11.2020 analysis

The EUR/USD pair found a pivot point yesterday within the local low (1.1612) from September 25, where the quote immediately stopped and formed a variable stagnation within the area of 1.1622/1.1660.

What we have right now in the market is a natural basis with a strong uncertainty.

This judgement is according to several factors. Let's consider them:

From the point of view of technical analysis, there is a reduction in trading volumes, where the local low (1.1612) on September 25, acted as a support, which led to a rebound and successive slowdown.

Meanwhile, in terms of fundamental analysis, the upcoming US presidential elections play an important role, where investors are taking a wait-and-see position due to a strong uncertainty in the election results.

Regarding the quote's current location, the stagnation process within the variable borders of 1.1622/1.1660 can be observed, where a slight deviation of 10-15 points is allowed, but the quote will most likely remain stagnant.

We can assume that the main lever for action will be the information background associated with the voting process in the United States, where the results will be known by the end of the trading day. After that, we can expect sharp price changes.

At the same time, speculative fluctuations are not excluded, where technical analysis, despite variable stagnation 1.1622/1.16560 (+/- 15 p.) can act as local operations and work on the principle of breaking a particular border.

Exchange Rates 03.11.2020 analysis

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Gven Podolsky,
Analytical expert of InstaSpot
© 2007-2024
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.