The buying pressure around the greenback is now dragging EUR/USD to the lower bound of the range near 1.1050. The pair shed almost a cent since last week’s tops in the mid-1.1100s following a wave of buying interest around USD after the FBI said it will not charge Democratic candidate Hillary Clinton over the recent emails scandal. Spot has quickly given away part of the recent and strong advance, retreating towards the area of 3-day lows in the 1.1055/50 band following the opening bell in the Old Continent. In the meantime, the US presidential elections are expected to dictate the sentiment in the global markets in the next 48 hours, with the preference of the voters slightly tilted towards Clinton. Data wise in Euroland, German Factory Orders have contracted at a seasonally adjusted 0.6% MoM in September, while EMU’s Retail Sales and the Sentix index are due later in the morning. Across the pond, the Fed’s Labor Market Conditions Index is only due. Additionally, EUR speculative net shorts have increased to the highest level since mid-January at over 137K contracts during the week ended on November 1, according to the latest CFTC report. The pair is now down 0.73% at 1.1060 with the immediate support at 1.0850 (low Oct.25) followed by 1.0820 (low Mar.10) and finally 1.0709 (2016 low Jan.5). On the flip side, a breakout of 1.1146 (high Nov.4) would target 1.1186 (200-day sma) and then 1.1191 (6-month resistance line).