FX.co ★ Trading plan for the EUR/USD pair on November 5. Biden is half a step away from victory.

Joe Biden now only needs 6 electoral votes to win the US elections. For this, he just needs to maintain his current advantage (49.3% versus 48.7% for Trump), as well as gain the lead over Nevada. Nonetheless, Biden's victory is highly likely.

Other important news today are the Federal Reserve's scheduled meeting and the latest US employment reports. However, the election results is likely to overshadow them.

EUR/USD: The euro is climbing p.

Set short positions at 1.1785, but be ready for an upward reversal after the quote reaches 1.1770.