FX.co ★ Burning forecast 06.11.2018

Burning forecast 06.11.2018

The EUR/USD is waiting for an impulse.

Today is the US midterm elections in Congress. The Fed's decision on rates and monetary policy will be released on Thursday at 18.00 London time.

The EUR/USD rate has formed a range - the upward movement looks more likely.

We are ready to buy the euro at a break above 1.1455, stop 1.1410, target 1.1755.

Alternative: Sell from 1.1300.