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Published on Nov 7, 2016
The
pair fell significantly during the day on Monday, as word got out that
Hillary Clinton was not going to be indicted. Because of this, it’s
likely that the markets seem to be more comfortable with the “status
quo” than the uncertainty of a nationalistic America. At this point,
looks as if the market is reaching down to the 1.10 level below, which
has previously been support and resistance. With this, I feel that it’s
only a matter of time before the market tries that area and perhaps
breaks through. A bit of a bounce or supportive candle in that area
could be reason enough to think that we try to reach towards the 1.1150
level above. With this, I feel that the market is very difficult to deal
with now.
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