EUR / USD
The first day of the week, and even on the eve of the elections to the US Congress, did not introduce any changes in the market. Even on the four-hour chart, the situation remained the same as yesterday. We can only repeat the previously described scenarios that can be implemented to a greater extent in our opinion.
So, Friday calm in the markets is accepted by us as deferred speculation in connection with the elections. On the four-hour chart, the "bull sentiment" has slightly increased - the price is above all indicator lines and the Marlin signal line has turned upwards from the zero line.
The rare consensus of the business media about the "sad fate of the dollar" in the event of a victory for the Democrats cannot help but raise suspicions since the eleven-figure decline of the euro in the last 10 months due to the fact that there is a majority of the Republicans in parliament. But as a result of the complex work of financial institutions and Trump's reforms, and of course, this policy in the context of the US foreign policy, struggle with the rest of the world which will not change even if the Democrats in Congress become a little more than the Republicans. We are waiting for the medium-term strengthening of the dollar with a preliminary removal of players from the market of the average hand. Finally, the largest pro-democracy media (and the banks - sponsors of the democrats) do not consider the option of winning the Republicans in these elections although there may be a surprise here. In this case, the dollar will begin to strengthen immediately.
