Oil trading range still works. Is EUR heading up after the election?

Light curde is at $64.07 again. I’ll keep doing the same trade until it fails me: Buy at around $64, take profit above $67, stop lost $62.

The EUR/USD at 1.26 is interesting, but I’m not ready to trade this pair yet. I’m going to wait until after the election. With current information, my model gives upside of 1.4 downside 1.2, not good risk/reward. After the election, assuming Obama wins and he implements taxcut for the “poor” and put purssure on business to “create” domostic jobs. The downside could be much higher and make it a good trade to buy EUR short USD if EUR/USD stays at around 1.26. If you want to take some risk, buying EUR/USD now can be rewarding after the election.