As the US Presidential Election got called in favor of the Democratic representative Joe Biden, by most media outlets, the US Dollar continues to plummet across the board. USD under pressure When analyzing the currency on an equally-weighted basis, it can be safely stated that the USD has been underperforming by losing nearly 2% vs its main peers. And no matter which USD cross you look at, each and every one communicates the same story – USD sellers have a clear upper hand. Technical prospects After dissecting the technical merits, I found the EUR/USD testing bids near-by 1.19, which represents the highest levels … (full story)
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