EUR/USD extends gains to near 3-week highs

 

EUR/USD has continued pushing higher over the last hours, hitting fresh 3-week highs above 1.1050 amid broad USD weakness.

The greenback remains under pressure, with latest US election polls adding to weakness as H. Clinton's advantage over D. Trump seems to have been drastically reduced after the FBI re opened investigations over Clinton’s email.

EUR/USD has climbed more than a hundred pips throughout the day and reached a peak of 1.1060 in recent dealings. The pair was last trading at 1.1053, recording a  0.67% gain on the day.

The greenback failed to benefit from higher-than-expected ISM manufacturing data. Attention now turns to Fed’s policy decision tomorrow.

EUR/USD levels to watch

In terms of technical levels, next resistances are seen at 1.1067 (Oct 12 high), 1.1100 (psychological level) and 1.1135 (100-day SMA). On the flip side, supports could be found at 1.0959 (Nov 1 low), 1.0937 (10-day SMA) and 1.0873 (Oct 26 low).

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