EURUSD Facing Pressure at Range Top
EURUSD has rebounded and retraced from a 1-month low just above 1.16 for the entire October and has completed 2 bullish waves by now.
As the US election draws closer, uncertainty continues to brew, causing risk sentiment to rise and boost demand for safe-haven assets such as the dollar.
Besides, the ECB conference will be up this week and chances are the ECB might take a dovish stance if they are ready to bring interest rate deeper into the negative territory.
Otherwise, the market has retraced significantly from the previous bearish trend and is definitely a decent price to attempt selling EURUSD.
As the US election draws closer, uncertainty continues to brew, causing risk sentiment to rise and boost demand for safe-haven assets such as the dollar.
Besides, the ECB conference will be up this week and chances are the ECB might take a dovish stance if they are ready to bring interest rate deeper into the negative territory.
Otherwise, the market has retraced significantly from the previous bearish trend and is definitely a decent price to attempt selling EURUSD.
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