Florida an early key
The dollar has fallen to new lows as the Florida vote starts to come in. Remember, the vote can swing and sway and so can the markets as a result. Liquidity conditions can be light adding to the swings.
EURUSD. The EURUSD has moved above its 200 hour MA and 50% retracement at 1.17445 and 1.17507. The price is also above the high from yesterday at 1.1739. That area will be a close barometer for buyers and sellers now. Stay above is more positive. Move below could weaken the bias.
GBPUSD: The GBPUSD briefly moved above a swing area in the 1.31217 area but has move back below that level. The high on Tuesday reached 1.30778. That was also near the high from October 27th. That is a barometer level for buyers/sellers now..
USDCHF: The USDCHF fell to a swing area in teh 0.90387 to 0.90899. On the way the price has cracked below the 200 hour MA at 0.91127. The 50% of the range since October 21 comes in at 0.91184. The low yesterday stalled near that 50% level. That is a barometer now for the buyers and sellers.
