EUR/USD clocks nine-week high

Heightened odds of Trump victory and the resulting carry unwind in the financial markets across the globe pushed the EUR/USD pair to a nine-week high of 1.1286 levels.

Eyes further gains

Gains could be extended further once London desks come online. A similar response is expected in the North American session as well.

Trump victory has not been confirmed officially, but the polls suggest it is a done deal. Consequently, the risk-off tone in the markets is likely to stay intact, thus ensuring more gains for the common currency.

EUR/USD Technical Levels

The spot was last seen trading near 1.13 levels.

Key resistance levels – 1.13, 1.1327 (Sep high), 1.1366 (Aug high)   

Key support levels -1.1279 (Sep 26 low), 1.1259 (23.6% of 1.0911-1.1366), 1.12