The EURUSD pair continued to grind higher during the day on Wednesday, as fears over a switch in the expected outcome of the presidential election in the United States of course has have the US dollar falling.

However, the 1.1150 level above looks to be massively restive, so I’m waiting to see whether we get enough exhaustion near the level to start selling.

Remember, no matter what happens in the United States, it will not What’s going on in the European Union. Because of this, I am being patient, but believe there is a nice opportunity getting ready to present itself.

Editor’s Note: Equity investors/traders can use the Currency Shares Euro Trust (FXE, quote) ETF to take positions in the euro without a FOREX account.  The ETF looks to track the price of the euro (EURUSD), minus ETF fee. The fund seeks to reflect the price of the euro with the shares representing a cost-effective investment relative to investing in the FOREX market.

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