I have a section of code that I can't seem to get working and I wondering if its just my syntax.

Here's the problem portion 
ElseIf Sheet1.Cells(thisRow, 11).Value = "US" And Sheet1.Cells(thisRow, 6).Value = "Exchange Rate - 1" Or Sheet1.Cells(thisRow, 6).Value = "Exchange Rate -2"...
My code doesn't seem to look at the (thisRow,11) value.

In general, is this the correct way to phrase a combined AND + OR statement?

Thanks!