The euro continues to be marked lower on the day
The low touching 1.1510 currently, after breaking below the November low @ 1.1554. It's been a torrid day for the single currency as Italian assets are being routed badly. The euro is down by almost 1% now against the dollar today.
This isn't just about Italy's elections and political uncertainty anymore. It's about pricing in the possibility of an exit by Italy from the euro.
The next support level for EUR/USD will be near the 1.1500 figure level where bids are lined up followed by the 50.0 retracement level @ 1.1448.
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