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EUR/USD analysis for Monday 7-11-2016

EUR/USD analysis for Monday 7-11-2016

 12trader

 

The euro is expected to get stronger against the USD till the announcement of the US election results, the Pair is trending up on the 4 hours 1 hour 3 0 min 15 min  5 min and 1 min  charts since the 25th of October

On the macro front in the US we get several Fed speakers and US preliminary consumer confidence.

Euro data on Sentix sentiment, retail sales and German factory orders should confirm the picture of moderate rebound towards the end of 2016.

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Daily chart

On the daily chart this pair is just on the start of the  trend but the long EMA'S are expected to cross the short EMA'S as shown in the following chart

EUR/USD analysis for Monday

 

 

 

 

 

 

 

 

 

 

 

 

If this happens and if Trump wins the elections, it will be a very strong point to buy because it is expected to strongly trend up during this week.

Read all economic scenarios of the US elections