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EUR/USD slides as Trump win looks likely
As the European markets drew to a close, the EUR/USD lifted above the high seen the day before, at 1.0914 and extended that move to a high at 1.0937. However, as the results of the US election started to trickle in, the dollar rebounded and the EUR/USD fell back and that fall has extended to a low set at 1.0719 earlier this morning. The Euro has bounced a little off that low now, but it seems increasingly likely that Trump has this, if the voting lead he has in the final swing states is translated into a result that delivers the final number of seats needed to get him over the 270 required to secure the White House. It is also worth noting that the Republicans seem on course to win both Congress and the Senate. The risks of further downside in the EUR/USD today look to be high on the radar now. The EUR/USD is currently trading at 1.0748
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