U.S. presidential el...from PhoenixMan

U.S. presidential elections are coming very soon. I do not recommend trading today and tomorrow. And it is better to close the actual trades related to the dollar! ✌️

Edited 03 Nov 2020, 16:58

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Hi guys, Happy Monday! This is my GBP/USD Trade Analysis. Current trend of this pair is uptrend. support Levels: 1.3000. Resistance Levels: 1.3173. Whilst this level was previously holding repeatedly as a resistance level, price has now strongly broken above it. This level is now looking to act as a role reversal and new support level for a new push higher. If this level can hold as a new support in the coming sessions we can look for long trades and for a new leg higher. The next resistance comes in around 1.3173 which is a key level for this market as it has held as a major resistance on the daily chart many times this year.

PhoenixMan

U.S. presidential elections are coming very soon. I do not recommend trading today and tomorrow. And it is better to close the actual trades related to the dollar! ✌️

PhoenixMan

Currently the EUR/USD is at a critical area. It is at the 100-day EMA level. Besides, 1.1620 can also offer some amount of support. So, it is possible to see a small pullback to the upside. Based on the point of view, I won't advise to buy big at this stage. My preferred approach is to sell the rallies in EUR/USD if it reaches the resistance level. This is my own trading idea, trade on your own risk. Good luck on trading guys!

PhoenixMan