EUR/USD extends the Trump-led rally towards 1.1250

The offered tone behind the US dollar keeps growing bigger, now pushing EUR/USD further above 1.12 handle, as increased chances of a Trump victory weighs on the buck across the board.

Major models are now projecting Trump to win the presidential race, with the NY times now raising odds of a Trump victory to 85%. Also, Trump is seen taking the lead in North Carolina, at 50.3% vs. Clinton 46.9% with 89% votes in. While the Associated Press (AP) called Florida for Trump.

Further, Trump is also gaining the Electoral College by 197 versus Clinton’s 131, adding to the renewed bets around a Trump presidency.

EUR/USD: Technical levels:

Key Resistances: 1.1300 (round number), 1.1350 (psychological levels), 1.1367 (Aug high)

Key Supports: 1.0956 (Nov 1 low), 1.0900 (zero figure), 1.0848 (multi-month low)