EUR/USD: FBI clears Clinton and dollar takes on the bid ahead of key 1.1020

EUR/USD is offered on the Clinton FBI news. A low of 1.1055 has been recorded so far.

EUR/USD has been bid since the 25th October from a low of 1.0850 where markets have been dominated by the US elections just two days away now. While there were uncertainties in respect to the outcome, the bombshell emails were dropped where the FBi announced they would open the investigation again and EUR/USD rallied.

However, FBI director, James Comey wrote a letter to Congress this weekend and said that FBI agents have been "working around the clock" to examine the new emails but "we have not changed our conclusions" when he was referring to the FBI's initial decision that Clinton had been careless, but not criminal. Now there are stronger prospects for a Clinton victory, the greenback garners strength.

EUR/USD levels

EUR/USD’s recent rally higher to the 1.1123 level and  August and September lows where bulls were capped. Between here and approximately 1.1020 is now a key support while the price is back down below the 1.1123/26 and 1.1200 6 month resistance lines, exposing a better offered major. A break lower  could target the 20 day ma at 1.0983 ahea of the 1.0821 March lows.