EURO_DOLLAR TRADING PLAN|TECHNICAL ANALYSIS!

5 nov 2020

EUR_USD has respected the support confluence and is surging upwards.
The strong bullish movement in ongoing, that is most likely a reaction to the US presidential elections.
All the long opportunities are gone as far as I am concerned, so we will be looking at a short opportunities.
A good area for potential shorts is the confluence of the resistance lines ahead of the price.
Thus, we are waiting for the price to go higher, and then start looking for the reversal clues.
IF the current resistance is broken, next on in line would be the previous higher high of the "covid" bullish movement,
But I will be making a separate analysis if the price reaches this level.

Thanks for wathching!
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See you all then!