EUR/USD (current price: 1.0938)
The pair rose by almost 3% in early trading yesterday. After hitting 1.13 the Euro turned lower on the historic day. The end of the uncertain period helped the Dollar in rising back towards the opening rate. The USD rallied throughout the day to finally finish with gains, pushing the pair below 1.10. The cross exited a short-term uptrend towards the end of the session, although it is higher again this morning. The long-term picture is still neutral for the Euro.
Our assessment: The pair might stay volatile this week, as investors try to judge the effects of the election. Strong support is found near 1.085 with resistance at 1.1125.
