At the moment all USD pairs are massively under the influence of election reports. There will be lots of volatility due to the uncertainty over the final result.
The support rests at 1.16150 with resistance at 1.18050 which the weekly pivot point at 1.17160 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing weak buy clear signals.
There is no clear direction for EURUSD. If the bears win, sellers can target 1.15410; otherwise the pair may grow towards 1.17000.

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