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Full one month the Dollar is in losing position
Category: Forex Forecasts & Signals
Posted by on November 30, 2020 at 05:12 AM
Since the start of November 2nd the first business day of the month the dollar is in losing position. On the first business day of the month EURUSD was trading at 1.1630. For one full month the dollar loses 350 pips. It is slowly moving but constantly as today in the last day of November EURUSD is trading at 1.1982.
Next month we are expecting confirmation from the U.S. Vote and if Biden is the new U.S. President, expect to see EURUSD till the end of the year at levels of 1.24-1.25.
The other version if Trump succeeds with the supreme court and is the new president EURUSD till the end of year 2020 is expected at levels between 1.18 and 1.22.
So in the first part of December hold a long position and expect EURUSD at 1.2150.

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