The EUR/USD is comatose around 1.14 ahead of the US midterm elections. Markets are pricing a split congress. A Republican majority in both houses could bode well for the USD. The EUR/USD is flatlined around 1.14 and may revisit the recent low of 1.13 if the Republicans secure a majority in both chambers.  To start with, the markets are pricing a split Congress – Democrats to take House and Republicans to retain the Senate. As a result, a Republican majority in both houses may embolden Trump to pursue more aggressive nationalist and isolationist policies. Hence, the USD could pick up a bid, although the EUR/USD may defend the key support of 1.13 as Trump has little room for a further fiscal splurge. On the other hand, a Democrat majority in both chambers would also be a surprise and could trigger a political turmoil in Washington, leading to risk aversion and losses in the USD. As a result, the EUR/USD could beat the upper edge of the wedge, confirming a bearish-to-bullish trend change. EUR/USD Technical Levels EUR/USD Overview:     Last Price:  1.1403     Daily change:  -5.0  pips     Daily change:  -0.0438%     Daily Open:  1.1408 Trends:     Daily SMA20:  1.1456     Daily SMA50:  1.1563     Daily SMA100:  1.1587     Daily SMA200:  1.1862 Levels:     Daily High:  1.1424     Daily Low:  1.1353     Weekly High:  1.1456     Weekly Low:  1.1302     Monthly High:  1.1625     Monthly Low:  1.1302     Daily Fibonacci 38.2%:  1.1397     Daily Fibonacci 61.8%:  1.138     Daily Pivot Point S1:  1.1366     Daily Pivot Point S2:  1.1324     Daily Pivot Point S3:  1.1296     Daily Pivot Point R1:  1.1437     Daily Pivot Point R2:  1.1466     Daily Pivot Point R3:  1.1507  FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next RBA: Cash rate stays at 1.5% – TD Securities FX Street 4 years The EUR/USD is comatose around 1.14 ahead of the US midterm elections. Markets are pricing a split congress. A Republican majority in both houses could bode well for the USD. The EUR/USD is flatlined around 1.14 and may revisit the recent low of 1.13 if the Republicans secure a majority in both chambers.  To start with, the markets are pricing a split Congress - Democrats to take House and Republicans to retain the Senate. As a result, a Republican majority in both houses may embolden Trump to pursue more aggressive nationalist and isolationist policies. Hence, the USD could pick… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
