EUR/USD - Review of 06.11.2024

Financial and commodity markets analytics


At the time of writing the review, the fight for the Presidency of the United States remains tense. Donald Trump's chances are increasing, however, it's too early to draw conclusions as the results in several key states are still unknown. Moreover, even in case one of the candidates succeeds, the big question remains - will Trump or Harris receive the full mandate to lead.

Meanwhile

technically, amid increasing chances of Trump taking the post, the US dollar has strengthened and the EUR/USD pair has significantly decreased. The quotes found support in the range we had previously described as 1.0670-1.0740. To make trading decisions, it's necessary to closely follow the news agenda and market dynamics.