30.10.202016:56 Forex Analysis & Reviews: Evening review of EURUSD on October 30, 2020

Exchange Rates 30.10.2020 analysis

S&P 500 one day before the opening

As the chart suggests, the US market does not exhibit positive dynamics despite the strong data on the economy.

The anticipation of Biden's victory in the election doesn't seem to be in the favor of the market.

Exchange Rates 30.10.2020 analysis

EURUSD: Euro stopped to decline.

You may hold sales from 1.1785, stop, and upside reversal from 1.1760.

Expect strong resistance upon correction at 1.1645.

Decisions will be made upon the closing of the day and this week's trading.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Jozef Kovach,
Analytical expert
InstaForex Group © 2007-2021
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