Evening outlook for EUR/USD on November 5. Euro shows significant rise

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Evening outlook for EUR/USD on November 5. Euro shows significant rise

Evening outlook for EUR/USD on November 5. Euro shows significant rise

Evening outlook for EUR/USD on November 5. Euro shows significant rise

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.

The material has been provided by InstaForex Company – www.instaforex.com

Source : https://www.fx.co/forex_analysis/quickview/263324/