EUR/USD under pressure as US voters go to polls

EUR/USD has come under renewed pressure over the last hours as US voters go to polls to pick the country’s next president.

Market seems to be pricing in a Clinton’s victory, who is seen as the status quo candidate, so it is supporting gains in equities and commodity currencies during the New York session.

EUR/USD broke below previous lows and fell to test the 10-day SMA at the 1.1020 area. At time of writing, the pair is trading at 1.1025, 0.11% below its opening price.

EUR/USD technical levels

In terms of technical levels, next supports could be found at 1.0990 (20-day SMA), 1.0959 (Nov 1 low) and 1.0873 (Oct 26 low). On the other hand, resistances are seen at 1.1127 (100-day SMA), 1.1180  (200-day SMA) and 1.1200 (psychological level).