Analysis on EUR/USD or USD/GBP?

Trying to keep my mind at one place, need your suggestions on technical analysis of these currency pairs?

EUR is definitely falling down due to COVID’s 2nd hit, seems all the major countries will shut down again.

^ same here, it will fall down for sometimes.

Still scary to see it breaking down in last week’s trading session.

My only suspicion lies in the appreciation of USD till the elections are over where it squared the EUR positions. Plus the EU locking things down.

I think US election results may leave the financial market in turmoil for some time.

I think the USD could be strong based on the results of the US election.

British Pound seems to slice through. Initial hours of the trading session had pulled the major selloffs of dollar in general which is equaling the goodwill of GBP. Only looks like for short term and that too due to Brexit being the major driver.
In my yesterday’s session (with Oanda and Fxview in parallel), I feel buying the dips had worked, though I don’t prefer doing it usually.

With ECB planning to ease the monetary policy further due to Covid, it will complicate the situation for the Euro.

With bearish Euro and bullish dollar, I can just see the outlook very jaded, especially if the support value of 1.16 breaks. I have closed all my open positions with this pair, except the one which is a small amount with fxview, just in case my theories take a hit for the good. But really, as per all my calculations and news updates on bloomberg, Ig, i don’t see that happening.

Can expect some volatility in currency pairs in this month with 2nd Wave of covid and the election results. Even the most widely traded EURUSD is zonking around hard. In fact my reason always for trading this pair was its relative less volatility and more predictability. That was my game before the mayhem!

Federal reserve delaying any policy decision for two days after election,no hope of any significant change in GBPUSD pair due to any economic development.

Bladiminmunro posted:
EUR is definitely falling down due to COVID’s 2nd hit, seems all the major countries will shut down again.

Have faith on the market. Everything will be alright.

Brexit woes amid looming Article 16 trigger could threaten cable’s recovery. Powell, Bailey, and US PPI awaited.

EUR/USD is trading close to 1.1600. The US dollar tracks Treasury yields lower, shrugging off a cautious market mood amid resurfacing Chinese property sector woes.

Till now I’m bullish on EURUSD trading pair. In here I basically waiting to close the current H4 cancle, if this candle crosses the resistant then I’m preparing for another trade position with a small trading lot size! On the other hand, I don’t use GBPUSD trading pair!