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[COLOR=#444444][FONT=Arial][B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"]EUR/USD[/URL] continues to struggle, as the pair has been on a downward trend for most of the week. The euro initially was up following the US election on Tuesday, but has since coughed up those gains, following weak Euro-zone and German data. Today’s numbers out of Italy and France were no better. French Industrial Production posted its sharpest drop since 2009 and Italian Industrial Production also looked weak. As expected, the ECB maintained its key interest rate at 0.75%. In the US, the markets are expecting a slight decline in the UoM Consumer Sentiment indicator.[/B][/FONT][/COLOR]
[COLOR=#444444][FONT=Arial]Here’s ...

[COLOR=#444444][FONT=Arial][B]The results of the US elections will start flowing in the next few hours. They are expected to rock the markets and impact currencies, which are currently experiencing the “calm before the storm”.[/B][/FONT][/COLOR]
[COLOR=#444444][FONT=Arial]The euro and the Australian dollar are good candidates for different outcomes. Let’s see why.[/FONT][/COLOR]
[COLOR=#444444][FONT=Arial][B]Euro Weakness[/B][/FONT][/COLOR]
[COLOR=#444444][FONT=Arial]EUR/USD broke below uptrend support and to a two month low. The Greek crisis is still going on. Even if the parliament passes the austerity measures, they[URL="http://www.forexcrunch.com/greek-crisis-some-troika-demands-may-be-unconstitutional-eurusd-slides/"]might ...

[COLOR=#444444][FONT=Arial][B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"]EUR/USD[/URL] reamins under pressure in cautious trading, as the gruelling presidential campaign is finally over, and Americans go to the polls to choose a new president. The race is extremely tight, but President Obama has a slight edge in the battleground states, and is considered a slim favorite. In today’s Euro-zone releases, Spanish and Italian Services PMIs were better than forecast, but German Factory Orders plunged 3.3%, its sharpest drop since January.[/B][/FONT][/COLOR]
[COLOR=#444444][FONT=Arial]Here’s an update about technical lines, fundamental indicators and sentiment regarding EUR/USD.[/FONT][/COLOR]
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[COLOR=#444444][FONT=Arial][B]EUR/USD is now falling under the 1.28 line and trading at the lowest levels since September 11th. It hit a low of 1.2802, just under the 1.2805 trough seen on September 12th.[/B][/FONT][/COLOR]
[CENTER][COLOR=#444444][FONT=Arial][URL="http://www.forexcrunch.com/eurusd-falls-to-8-week-low/eur-usd-8-week-low-november-5-2012/"][IMG]http://www.forexcrunch.com/wp-content/uploads/2012/11/EUR-USD-8-Week-Low-November-5-2012-400x213.png[/IMG][/URL][I]EUR USD 8 Week Low – Click image to enlarge[/I]
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[COLOR=#444444][FONT=Arial]Merkel’s statement about taking the crisis 5 more years wasn’t that encouraging. Yields on 2 year German bills fell below 0% for the first time since ...