Source Code of How U.S. Election could affect of EUR/USD pair.
If ( Biden = wins ) {
More buying interest may push the price > 1.20000 after slightly lower.
.
If ( Trump = wins ) {
Sellers will keep selling respectively & US dollar will strong , causing Gartely force to the price to slide up to 0.786 at 1.13465
}
Trading Signal:
A Trading Signal is seen in the EURUSD Currency Pair.
Traders can open their Sell Trades NOW
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There is massive selling movement in day chert and in week breakout happen and RSI also showing the divergences there is buyers zone also so that possible to move UP !!
The mid-point "B" has retraced 50% of leg XA.
Either the Alternate 2AC=CD at 1.16791, or 1.618 AB=AC
The 0.886 "D" point retracement of XA leg as defined at 1.17108 is the starting of the PRZ to enter a long position after the Terminal Bar is verified.
The range of the PRZ is 300 pips starting from 1.17108 to 1.16791. The TERMINAL BAR of this pattern...
Here EUR/USD trying to escape from the parallel channel. I think it would start marching upward soon from the support area of the Box pattern. Its trend is reversing, so day traders can sell now for the levels of 1.1706 - 1.1696 . And a breakdown of 1.1690 is a direct signal for a continuous downtrend that can be for 1.1666 - 1.1636 .
Downtrend initiator: ...
Exercise patience here please, for validation
0.786 B point retracement of the XA leg, which our pattern requires.
potential reversal zone will be defined after reaching 1.19069, which then completes our AB=CD.
Our harmonic resistance will be above 1.19100 area
