New information from Italy shows that Berlusconi leads lower house over Bersani, and Grillo made a huge achievement . This is totally different than the initial reports.
EURUSD is already under 1.32 in a roller coaster move. The country could face new elections.
Full results for the Senate race are expected at 20:00 GMT. Results for the lower house are due at 23:00.
Update: EUR/USD extends its losses and reaches support at 1.3130.
Update 2: No mercy for EUR/USD, already heading below the low support of 1.31.
Update 3: Italian Senate Deadlocked – Grillo can trigger new elections
Update 4: USD/JPY falls on safe have comeback, so, Â EUR/JPY crashes 600 pips.
Here are the earlier reports:
- The initial exit polls that were totally different: Italian Elections: Exit Polls show Bersani Victory in Lower House; Upper House Still Too Close to Call; EUR/USD Sells the Fact
- The preview that talked about a huge entry for Grillo, that seems to have been proved correct: Italian Elections: Grillo “Tsunami†Could Flood the Euro – 2 Basic Scenarios
