EUR/USD waits near 1.0900

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The EUR/USD is waiting for the US Presidential election near the 1.0900 mark. In general, the future direction will be given by the elections. Currently, market analysts expect the Dollar to drop in the case of a Trump win and the opposite, if Harris wins. Namely, Trump's comments on policy signal more stimulus.

In the case of an EUR/USD surge, the 1.1000 mark is expected to act as resistance, as the round level has major psychological impact.

On the other hand, a decline might be slowed down by the 1.0830 level, before the pair approaches the low level range near 1.0760.
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