
One factor supporting the US dollar was the expectation that tensions in the Middle East would escalate after the US midterm elections. Against this backdrop, the sharp decline in Brent crude prices came as a major surprise for the EUR/USD pair. Let’s take a closer look at the situation and develop a trading plan. Major Takeaways Brent plunged amid rumors of a Middle East peace deal. The PMI points to a strong US economy. The US dollar’s reaction to midterm elections is mixed. A breakout strategy in the 1.1150–1.1240 range remains relevant. Weekly Fundamental Forecast for Dollar Si vis pacem,… Read full author’s opinion and review in blog of #LiteFinance
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