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05.11.202016:08 Forex Analysis & Reviews: Evening outlook for EUR/USD on November 5. Euro shows significant rise

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 05.11.2020 analysis

The euro/dollar has already approached the highest level of the range.

Today, the main news is devoted to the US Presidential election. Joe Biden is confidently moving towards the victory. However, Donald Trump still has chances to keep his post.

News from the US: the number of unemployed people declined to 7.3 million from 7.8 million.

The euro is likely to hold its upward momentum.

Buy deals could be still initiated from 1.1750.

Jozef Kovach
Analytical expert of InstaForex
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