EUR/USD jumps back to 1.1025, with projections of a Trump win

The euro has managed to recover some ground versus its American rival over the last hour, climbing back above 1.10 handle, as the greenback gives up all of its gains against the main competitors as the Exit poll results are getting to close, with Trump taking back the lead in Florida. Trump stands at 48.8% versus Clinton 48.1% with 91% of vote counted.

While electoral vote counts, via ABC news, shows Clinton leading by a small margin over Trump, with the ration standing at 68:66. However, NBC News has projected that Republicans will retain a majority in the House of Representatives.

Hence, sentiment remains quite mixed with exit polls results continuing to swing, and so far seems like a too close call for the US presidential race.

EUR/USD: Technical levels:

Key Resistances: 1.1052 (daily high), 1.1100 (round figure), 1.1146 (Nov high)

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