Euro/ U.S. Dollar: We hope a bought at these Fibonacci level!!!
In Daily, Euro it's still steay and we could to reach in short-term the $1.20 USD
Euro in H4 timeframe was broke up the resistance Daily mark in yellow and then, we could see a continuation o their trend, but beware we would to prove any confirmation on bought around of $1.1864 USD, that could be a good price entry for long position in EUR/USD. Another factor is that Euro could to find down the EMA 50 to then, entry in bought in this zone!!! And it's the 0.618% of Fibonacci around of $1.1835 USD, becuase in H4 we could to appreciate it better.
Now, in H1 Euro is still into this consolidation orme in the past 5 hours and we see a bearish flag, but as Euro is into this bullish trend, so beware becuase I do not entry in long or short in this zone, so the best is to hope these fibonacci level smartest!!!
Fundamental Analysis:
1. Dollar down, as U.S. election finally delivers Biden victory
2. Dollar was down today morning in Sydney session, starting its week with losses as Democrat candidates Joe Biden was declared the winner of the U.S. presidential elections.
3. The FED announcing in the previously week that want to stead the USA politics and the continuation of a sot monetary policy creating more economic stimululs, traders are retreated rom the greenback over the expectation that Biden administration make.
4.The Dollar has weaknes in anticipation o a Biden presidency bringing calmer politics and the anticipation of FED coming to rescue again amid hear term risk or rising covid-19 infections.
So guys, these are my key fundamental for the U.S. Dollar, but we would need to stay alert on what the Federal Reserve want to rescue the U.S. policits and economic general softing the economic. So, this is another good fundamental that we could see for the next days, but right now, we can't to entry in short in Euro, becuase investor option to buy Euro and we're entry in the bull trend.
So, I will continue updated this par when we see my key to entry in long position!!!I If in any case that Euro doesn't reach down the Fibonacci level at 0.382 or 0.618, we find up another opportunity!!!
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