EUR/USD rallies hard on a Trump's positive prospects to win the elections

Currently, EUR/USD is trading at 1.1147, up 1.21% on the day, having posted a daily high at 1.1172 and low at 1.0990.

EUR/USD has rallied hard and clearing over 150 pips on the back of results coming through that put Trump in the lead across a number of key swing states that he has to win in order to stand a chance of clinching the White House's hot seat.  Markets are proving in a Trump victory, albeit it is still early days and Florida is NOT a done deal just yet, despite the Twitter rumors that set off the risk off rally an hour ago. NY times's model has Trump to win by 53%.

Markets starting to really fear a Trump presidency

EUR/USD levels

With spot trading at 1.1148, we can see next resistance ahead at 1.1172 (Daily High), 1.1182 (Daily 200 SMA), 1.1209 (Weekly Classic R1), 1.1279 (Weekly Classic R2) and 1.1415 (Weekly Classic R3). Support below can be found at 1.1140 (Monthly High), 1.1140 (Weekly High), 1.1129 (Daily 100 SMA), 1.1113 (Daily Classic R3) and 1.1090 (Daily Classic R2). 

 

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