EUR/USD taps on 1.1300, then retreats ahead of final election results

The EUR/USD pair hit fresh nine-week highs at 1.1300 as markets almost priced-in a Trump victory. However, over the last hour, demand for the USD is seen returning as Clinton takes the lead in Nevada, key state. Clinton wins Nevada with 6 electoral votes.

However, the downside remains limited for the major as Trump is still seen as a favorite candidate for the US presidency, with Clinton holding a very slim chance for a win.

Meanwhile, the USD index recovers back above 96 handle, sending EUR/USD slightly lower around 1.1270 levels.

Focus now remains on the final election results as voting polls are closed everywhere and vote counts underway.

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)