- The EUR / USD is trading with some volatility between 1.1780 and 1.1600.
- The pair found support at the 1.1600 area for the time being.
The EUR / USD navigates a fairly wide trading range the day after the election, exposed to how the vote count evolves.
Meanwhile, a move above the 55-day SMA near 1.1780 is considered to support further rallies and a possible visit to the October peaks around 1.1880. On the opposite side, there are monthly lows near 1.16 (November 3 low), which limits occasional drops.
Looking at the broader scenario, the constructive stance on EUR / USD is expected to remain unchanged as long as it is above the critical 200-day SMA today at 1.1323.
EUR / USD day chart
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Credits: Forex Street
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