Good morning,
While counting is continuing in the US mid-term elections, the current projections suggest a Republican victory in the House of Representatives, while Democrats might keep majority in the Senate. This outcome may lend the USD some support since it could act as a curb on fiscal spending.
Part of that, not much has happened the ranges have been respected and it will take the long awaited FOMC to announce their stimulus program to eventually finally define a trend.
I think until then it will be much safer to close speculative positions and stay on the sidelines, except for those wanting to trade intraday.
No real changes on the technical levels, still more of the same 1.4075-85 should act as strong resistance on the EURUSD topside and a first support is seen around 1.3975-90.
If we move out of this ranges, I will update with farther levels.
Have a good day,
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