EURUSD Sell signal from strong resistance

6 thg 11, 2020

Of course, I did not hope that the US elections would really end on November 3, but I have to admit that the forecasts are greatly affected by the changes in the disposition of forces.
During yesterday's trading session, the price rose very strongly.
And when I say very strongly I mean it - I mean it broke three (!) Resistance lines.

Now the price has stopped at the latter.
I don't think she can continue to grow.
Plus, the statistics of votes in general have become more definite.
I expect that after a sharp rise and breaking through three resistance lines, the price will stop. And then it will start falling from the resistance line to the support line at 1.16356.
And this is a signal to sell.
TP - will follow the support line.
SL - along the resistance zone.
But we will keep a close eye on the news

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