Are we starting to see some last minute election trading in the euro?
The euro is on the slide
Looking around the euro pairs, the pattern looks to be the same at the moment
The euro is suffering against pretty much everything as EURUSD looks to hit some small stops through 1.0695.
The yen has been a big election trade and that's on the up vs EUR. EURCHF is continuing it's slide today also.
I've been on alert for this type of move all week but the market had other fish to fry. Now this is the last trading day before Sunday's election, we should expect to see some further election risk covering during the day. The intensity might jump towards the European close later.
EURUSD 15m chart