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FX.co ★ Trading plan 07.11.2018

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Forex Analysis:::2018-11-07T07:08:05

Trading plan 07.11.2018

Trading plan 07.11.2018

The overall picture: Trump lost the lower house to the Democrats.

Midterm elections to Congress were held in the United States.

Republicans lost a majority In the house of representatives - but retained a majority in the Senate (and even strengthened it somewhat). Trump, of course, called the election a victory - but it is rather a defeat - now the Democrats have a powerful lever to limit Trump's actions in Congress.

The market has not yet decided on the reaction to the result of the US election - the euro broke the level of 1.1455 up, then rolled back strongly down, but then made a new attempt to grow.

The pound continues to move upward.

We are ready to buy the pound - but only after a strong pullback from 1.2980 or below.

Ahead - another main news of the week - the Fed's decision on rates on Thursday at 18.00 GMT.

Trading plan 07.11.2018

Analyst InstaForex
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