The EUR/USD pair on November 5, 2020

EUR/USD targets over 1.18500 The outcomes of the elections in America are not over. Votes are being counted in a number of other American states. As it can be seen that Biden may be the next president, the dollar is losing strength. This election pain will not end in the next few days since Trump desires to challenge some disputed American states results.

Throughout that time, the euro got rid of the dollar, and at the level of 1.16000, it increased to 1.18700, where there is a resistance zone. The variety of coronavirus cases in Europe is still on the increase in nearly all nations. The main states of the European Union, Germany, France, Spain, and Italy, are in lockdown to reduce individualss contacts.

EUR/USD targets over 1.18500 The results of the elections in America are not over. Votes are being counted in a number of other American states. As it can be seen that Biden might be the next president, the dollar is losing strength. This election pain will not end in the next couple of days since Trump wishes to challenge some disputed American states outcomes.

The eurozone economy diminished by 11.8% in the 2nd quarter. Still, it expanded considerably better than expected by 12.7% in July and September after numerous locking limitations were reduced, official data on Friday showed.

Yet, growing coronavirus cases pose a severe danger to the healing of the Union. We have more negative news from Europe, Retail Sales measure, according to the projections, a weaker report is expected.

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In addition to the United States elections, which will not end today, we have news from the Federal Open Market Committee (FOMC) that will decide tonight on the rate of interest, which in any case remains at the very same level of 0.25%, after which we must take notice of statements made by Fed authorities.

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Germany is closed for the next month. In Italy, which is anticipated to embrace the brand-new measure by Wednesday and take result by December 3, it will also restrict travel in between the worst-hit areas, which will require the closure of bars, clubs, restaurants, and the majority of stores.

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On the next actions to help the economy lower the impact of the coronavirus

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