{"id":29981,"date":"2024-11-06T12:18:43","date_gmt":"2024-11-06T12:18:43","guid":{"rendered":"https:\/\/howtotrade.com\/?p=29981"},"modified":"2024-11-06T12:18:44","modified_gmt":"2024-11-06T12:18:44","slug":"trumps-victory-sent-the-euro-crashing","status":"publish","type":"post","link":"https:\/\/howtotrade.com\/market-analysis\/forex\/eur-usd\/trumps-victory-sent-the-euro-crashing\/","title":{"rendered":"EUR\/USD Daily Price Analysis &#8211; Trump\u2019s Victory Sent the Euro Crashing"},"content":{"rendered":"\n<p><em>Projections favoring Trump\u2019s re-election pushed the dollar index to 105.04, nearing its best single-day performance since March 2020.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-key-points\">Key Points<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EUR\/USD dropped 1.57% as a stronger dollar surged on Trump&#8217;s victory anticipation.<\/li>\n\n\n\n<li>Dollar strength pressured the euro to $1.075, posing economic risks for Europe.<\/li>\n\n\n\n<li>EUR\/USD trend remains bearish, with potential further downside.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eur-usd-daily-price-analysis-06-11-2024\">EUR\/USD Daily Price Analysis &#8211; 06\/11\/2024<\/h2>\n\n\n\n<p>The EUR\/USD pair has experienced a sharp decline, dropping by -1.57% today, driven by dollar strength amid heightened anticipation of a Donald Trump victory in the U.S. presidential election. This so-called &#8220;Trump trade&#8221; has seen investors positioning for policies likely to include lower taxes and increased trade tariffs, which are perceived as inflationary and supportive of higher U.S. interest rates.&nbsp;<\/p>\n\n\n\n<p>The dollar\u2019s rise has pressured the euro, sending it down to $1.075, a four-month low and on track for its worst day since March 2020. Concerns over potential tariffs on major European industries like autos and chemicals, coupled with security concerns related to Ukraine, present notable risks for the European economy under the Trump administration.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-impact-of-u-s-presidential-election-and-trump-trade\">Impact of U.S. Presidential Election and Trump Trade<\/h3>\n\n\n\n<p>Investor confidence in the dollar has surged as projections favor Trump\u2019s re-election, with the dollar index spiking to 105.04 and potentially marking its best single-day performance since March 2020.&nbsp;<\/p>\n\n\n\n<p>A potential Republican &#8220;Red Sweep&#8221; of the Senate and House would grant the Trump administration a stronger hand in implementing its fiscal agenda, which may further bolster the dollar.&nbsp;<\/p>\n\n\n\n<p>European traders, meanwhile, are adjusting expectations for European Central Bank policy, now projecting a slight reduction in the deposit rate to 2% by 2025, down from the pre-election expectation of 2.1%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-broader-market-effects\">Broader Market Effects<\/h3>\n\n\n\n<p>The strength of the dollar, driven by the prospect of Trump-led economic policies, has created ripple effects across global markets. Trade-sensitive currencies, such as the Mexican peso and offshore Chinese yuan, have shown significant weakness, reflecting concerns over a more aggressive U.S. trade policy stance.&nbsp;<\/p>\n\n\n\n<p>Additionally, Trump\u2019s inflationary policies may prompt the Federal Reserve to adopt a more hawkish stance, adding further pressure on high-beta currencies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-key-economic-data-and-news-to-be-released-today\">Key Economic Data and News to Be Released Today<\/h2>\n\n\n\n<p>There is no major economic data scheduled for release today that would significantly impact the EUR\/USD movement. However, investors remain closely focused on the evolving U.S. election results and any political developments. Given the high sensitivity of the dollar to election-related news, updates on the race will be crucial in driving market sentiment for the EUR\/USD in the near term.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><a href=\"https:\/\/howtotrade.com\/trading-tools\/economic-calendar\/\" target=\"_blank\" rel=\"noreferrer noopener\">Visit our Economic Calendar<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eur-usd-technical-analysis-06-11-2024\">EUR\/USD Technical Analysis &#8211; 06\/11\/2024<\/h2>\n\n\n\n<p>EUR\/USD is in a strong bearish trend, particularly due to political influences. Current price action also suggests that price may still continue to spike to the downside in the short-term.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"606\" src=\"https:\/\/howtotrade.com\/wp-content\/uploads\/2024\/11\/EURUSD_2024-11-06_12-29-44_0a3f3-1024x606.png\" alt=\"eurusd m15 chart\" class=\"wp-image-29982\" srcset=\"https:\/\/howtotrade.com\/wp-content\/uploads\/2024\/11\/EURUSD_2024-11-06_12-29-44_0a3f3-1024x606.png 1024w, https:\/\/howtotrade.com\/wp-content\/uploads\/2024\/11\/EURUSD_2024-11-06_12-29-44_0a3f3-300x177.png 300w, https:\/\/howtotrade.com\/wp-content\/uploads\/2024\/11\/EURUSD_2024-11-06_12-29-44_0a3f3-768x454.png 768w, https:\/\/howtotrade.com\/wp-content\/uploads\/2024\/11\/EURUSD_2024-11-06_12-29-44_0a3f3-1536x908.png 1536w, https:\/\/howtotrade.com\/wp-content\/uploads\/2024\/11\/EURUSD_2024-11-06_12-29-44_0a3f3-2048x1211.png 2048w, https:\/\/howtotrade.com\/wp-content\/uploads\/2024\/11\/EURUSD_2024-11-06_12-29-44_0a3f3-540x319.png 540w, https:\/\/howtotrade.com\/wp-content\/uploads\/2024\/11\/EURUSD_2024-11-06_12-29-44_0a3f3-860x509.png 860w, https:\/\/howtotrade.com\/wp-content\/uploads\/2024\/11\/EURUSD_2024-11-06_12-29-44_0a3f3-1170x692.png 1170w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">EUR\/USD &#8211; 15-Minute Chart<\/figcaption><\/figure>\n<\/div>\n\n\n<p>On the 15-minute timeframe, price is currently trading below the 200 exponential moving average. Although the RSI suggests that price may have been oversold, it\u2019s clear that we may have a little pullback to the upside to form a perfect descending triangle pattern before price drop further.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Projections favoring Trump\u2019s re-election pushed the dollar index to 105.04, nearing its best single-day performance since March 2020. Key Points EUR\/USD Daily Price Analysis &#8211; 06\/11\/2024 The EUR\/USD pair has experienced a sharp decline, dropping by -1.57% today, driven by dollar strength amid heightened anticipation of a Donald Trump victory in the U.S. presidential election. [&hellip;]<\/p>\n","protected":false},"author":189563,"featured_media":25152,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[590],"tags":[],"class_list":["post-29981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eur-usd"],"acf":{"related_posts":[29935,29958,29966],"reviewer":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/USD Price Analysis - Trump\u2019s Victory Sent the Euro Crashing<\/title>\n<meta name=\"description\" content=\"Projections favoring Trump\u2019s re-election pushed the dollar index to 105.04, nearing its best single-day performance since March 2020.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/howtotrade.com\/market-analysis\/forex\/eur-usd\/trumps-victory-sent-the-euro-crashing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EUR\/USD Price Analysis - Trump\u2019s Victory Sent the Euro Crashing\" \/>\n<meta property=\"og:description\" content=\"Projections favoring Trump\u2019s re-election pushed the dollar index to 105.04, nearing its best single-day performance since March 2020.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/howtotrade.com\/market-analysis\/forex\/eur-usd\/trumps-victory-sent-the-euro-crashing\/\" \/>\n<meta property=\"og:site_name\" content=\"HowToTrade.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-06T12:18:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-06T12:18:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/howtotrade.com\/wp-content\/uploads\/2024\/02\/eur-usd-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Oyekanmi Jose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/howtotrade.com\\\/market-analysis\\\/forex\\\/eur-usd\\\/trumps-victory-sent-the-euro-crashing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/howtotrade.com\\\/market-analysis\\\/forex\\\/eur-usd\\\/trumps-victory-sent-the-euro-crashing\\\/\"},\"author\":{\"name\":\"Oyekanmi Jose\",\"@id\":\"https:\\\/\\\/howtotrade.com\\\/#\\\/schema\\\/person\\\/76a9358b3e8a81a161deaeda5b4c1c00\"},\"headline\":\"EUR\\\/USD Daily Price Analysis &#8211; Trump\u2019s Victory Sent the Euro Crashing\",\"datePublished\":\"2024-11-06T12:18:43+00:00\",\"dateModified\":\"2024-11-06T12:18:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/howtotrade.com\\\/market-analysis\\\/forex\\\/eur-usd\\\/trumps-victory-sent-the-euro-crashing\\\/\"},\"wordCount\":521,\"image\":{\"@id\":\"https:\\\/\\\/howtotrade.com\\\/market-analysis\\\/forex\\\/eur-usd\\\/trumps-victory-sent-the-euro-crashing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/howtotrade.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/eur-usd-2.png\",\"articleSection\":[\"EUR\\\/USD\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/howtotrade.com\\\/market-analysis\\\/forex\\\/eur-usd\\\/trumps-victory-sent-the-euro-crashing\\\/\",\"url\":\"https:\\\/\\\/howtotrade.com\\\/market-analysis\\\/forex\\\/eur-usd\\\/trumps-victory-sent-the-euro-crashing\\\/\",\"name\":\"EUR\\\/USD Price Analysis - Trump\u2019s Victory Sent the Euro Crashing\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/howtotrade.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/howtotrade.com\\\/market-analysis\\\/forex\\\/eur-usd\\\/trumps-victory-sent-the-euro-crashing\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/howtotrade.com\\\/market-analysis\\\/forex\\\/eur-usd\\\/trumps-victory-sent-the-euro-crashing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/howtotrade.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/eur-usd-2.png\",\"datePublished\":\"2024-11-06T12:18:43+00:00\",\"dateModified\":\"2024-11-06T12:18:44+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/howtotrade.com\\\/#\\\/schema\\\/person\\\/76a9358b3e8a81a161deaeda5b4c1c00\"},\"description\":\"Projections favoring Trump\u2019s re-election pushed the dollar index to 105.04, nearing its best single-day performance since March 2020.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/howtotrade.com\\\/market-analysis\\\/forex\\\/eur-usd\\\/trumps-victory-sent-the-euro-crashing\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/howtotrade.com\\\/market-analysis\\\/forex\\\/eur-usd\\\/trumps-victory-sent-the-euro-crashing\\\/#primaryimage\",\"url\":\"https:\\\/\\\/howtotrade.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/eur-usd-2.png\",\"contentUrl\":\"https:\\\/\\\/howtotrade.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/eur-usd-2.png\",\"width\":700,\"height\":300,\"caption\":\"eur usd 2\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/howtotrade.com\\\/#website\",\"url\":\"https:\\\/\\\/howtotrade.com\\\/\",\"name\":\"HowToTrade.com\",\"description\":\"Best learning platform for traders.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/howtotrade.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/howtotrade.com\\\/#\\\/schema\\\/person\\\/76a9358b3e8a81a161deaeda5b4c1c00\",\"name\":\"Oyekanmi Jose\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a57aac5820504609b4ee72051feccc7088de801dc31521345fb2193bfb1264f9?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a57aac5820504609b4ee72051feccc7088de801dc31521345fb2193bfb1264f9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a57aac5820504609b4ee72051feccc7088de801dc31521345fb2193bfb1264f9?s=96&d=mm&r=g\",\"caption\":\"Oyekanmi Jose\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EUR\/USD Price Analysis - Trump\u2019s Victory Sent the Euro Crashing","description":"Projections favoring Trump\u2019s re-election pushed the dollar index to 105.04, nearing its best single-day performance since March 2020.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/howtotrade.com\/market-analysis\/forex\/eur-usd\/trumps-victory-sent-the-euro-crashing\/","og_locale":"en_US","og_type":"article","og_title":"EUR\/USD Price Analysis - Trump\u2019s Victory Sent the Euro Crashing","og_description":"Projections favoring Trump\u2019s re-election pushed the dollar index to 105.04, nearing its best single-day performance since March 2020.","og_url":"https:\/\/howtotrade.com\/market-analysis\/forex\/eur-usd\/trumps-victory-sent-the-euro-crashing\/","og_site_name":"HowToTrade.com","article_published_time":"2024-11-06T12:18:43+00:00","article_modified_time":"2024-11-06T12:18:44+00:00","og_image":[{"width":700,"height":300,"url":"https:\/\/howtotrade.com\/wp-content\/uploads\/2024\/02\/eur-usd-2.png","type":"image\/png"}],"author":"Oyekanmi Jose","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/howtotrade.com\/market-analysis\/forex\/eur-usd\/trumps-victory-sent-the-euro-crashing\/#article","isPartOf":{"@id":"https:\/\/howtotrade.com\/market-analysis\/forex\/eur-usd\/trumps-victory-sent-the-euro-crashing\/"},"author":{"name":"Oyekanmi Jose","@id":"https:\/\/howtotrade.com\/#\/schema\/person\/76a9358b3e8a81a161deaeda5b4c1c00"},"headline":"EUR\/USD Daily Price Analysis &#8211; Trump\u2019s Victory Sent the Euro Crashing","datePublished":"2024-11-06T12:18:43+00:00","dateModified":"2024-11-06T12:18:44+00:00","mainEntityOfPage":{"@id":"https:\/\/howtotrade.com\/market-analysis\/forex\/eur-usd\/trumps-victory-sent-the-euro-crashing\/"},"wordCount":521,"image":{"@id":"https:\/\/howtotrade.com\/market-analysis\/forex\/eur-usd\/trumps-victory-sent-the-euro-crashing\/#primaryimage"},"thumbnailUrl":"https:\/\/howtotrade.com\/wp-content\/uploads\/2024\/02\/eur-usd-2.png","articleSection":["EUR\/USD"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/howtotrade.com\/market-analysis\/forex\/eur-usd\/trumps-victory-sent-the-euro-crashing\/","url":"https:\/\/howtotrade.com\/market-analysis\/forex\/eur-usd\/trumps-victory-sent-the-euro-crashing\/","name":"EUR\/USD Price Analysis - Trump\u2019s Victory Sent the Euro Crashing","isPartOf":{"@id":"https:\/\/howtotrade.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/howtotrade.com\/market-analysis\/forex\/eur-usd\/trumps-victory-sent-the-euro-crashing\/#primaryimage"},"image":{"@id":"https:\/\/howtotrade.com\/market-analysis\/forex\/eur-usd\/trumps-victory-sent-the-euro-crashing\/#primaryimage"},"thumbnailUrl":"https:\/\/howtotrade.com\/wp-content\/uploads\/2024\/02\/eur-usd-2.png","datePublished":"2024-11-06T12:18:43+00:00","dateModified":"2024-11-06T12:18:44+00:00","author":{"@id":"https:\/\/howtotrade.com\/#\/schema\/person\/76a9358b3e8a81a161deaeda5b4c1c00"},"description":"Projections favoring Trump\u2019s re-election pushed the dollar index to 105.04, nearing its best single-day performance since March 2020.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/howtotrade.com\/market-analysis\/forex\/eur-usd\/trumps-victory-sent-the-euro-crashing\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/howtotrade.com\/market-analysis\/forex\/eur-usd\/trumps-victory-sent-the-euro-crashing\/#primaryimage","url":"https:\/\/howtotrade.com\/wp-content\/uploads\/2024\/02\/eur-usd-2.png","contentUrl":"https:\/\/howtotrade.com\/wp-content\/uploads\/2024\/02\/eur-usd-2.png","width":700,"height":300,"caption":"eur usd 2"},{"@type":"WebSite","@id":"https:\/\/howtotrade.com\/#website","url":"https:\/\/howtotrade.com\/","name":"HowToTrade.com","description":"Best learning platform for traders.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/howtotrade.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/howtotrade.com\/#\/schema\/person\/76a9358b3e8a81a161deaeda5b4c1c00","name":"Oyekanmi Jose","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a57aac5820504609b4ee72051feccc7088de801dc31521345fb2193bfb1264f9?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a57aac5820504609b4ee72051feccc7088de801dc31521345fb2193bfb1264f9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a57aac5820504609b4ee72051feccc7088de801dc31521345fb2193bfb1264f9?s=96&d=mm&r=g","caption":"Oyekanmi Jose"}}]}},"_links":{"self":[{"href":"https:\/\/howtotrade.com\/api\/wp\/v2\/posts\/29981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/howtotrade.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/howtotrade.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/howtotrade.com\/api\/wp\/v2\/users\/189563"}],"replies":[{"embeddable":true,"href":"https:\/\/howtotrade.com\/api\/wp\/v2\/comments?post=29981"}],"version-history":[{"count":3,"href":"https:\/\/howtotrade.com\/api\/wp\/v2\/posts\/29981\/revisions"}],"predecessor-version":[{"id":29985,"href":"https:\/\/howtotrade.com\/api\/wp\/v2\/posts\/29981\/revisions\/29985"}],"acf:post":[{"embeddable":true,"href":"https:\/\/howtotrade.com\/api\/wp\/v2\/posts\/29966"},{"embeddable":true,"href":"https:\/\/howtotrade.com\/api\/wp\/v2\/posts\/29958"},{"embeddable":true,"href":"https:\/\/howtotrade.com\/api\/wp\/v2\/posts\/29935"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/howtotrade.com\/api\/wp\/v2\/media\/25152"}],"wp:attachment":[{"href":"https:\/\/howtotrade.com\/api\/wp\/v2\/media?parent=29981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/howtotrade.com\/api\/wp\/v2\/categories?post=29981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/howtotrade.com\/api\/wp\/v2\/tags?post=29981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}