EUR/USD picks up the pace towards 1.1760

EUR/USD Trading Quote

Today the EUR/USD shared currency pair is finally ready to jump past the 1.1740 level and it is going towards the 1.1760 level with speed.

EUR/USD weakened by Mario Draghi

EUR/USD analysts have recently noticed that the shared currency pair has managed to lose a lot of trading speed due to the recent increase in selling steam based on Mario Draghi’s economic outlook and he has called out that increase in volatility is “solid and broad” and on top of this the shared currency pair has also been receiving strong influence from the quarterly evaluation which has shown that the inflation levels are growing with each passing week.

EUR/USD traders now hope that the core inflation data which will hit the chart tomorrow is going to offer a positive tone to the overall trading process.

In the meantime across the ocean in the United States there are no solid or relevant data release that could influence the trading process for the EUR/USD.

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High = 1.1770

Low = 1.1735

 

Trading goes great with AvaTrade and BuyForexSignals.com

S3 = 1.1669 S2= 1.1697 S1 = 1.1724

R1 = 1.1779 R2 = 1.1809 R3 = 1.1834

EUR/USD important trading levels

For the time being the EUR/USD shared currency pair is going downwards by a negative value of -0.46% and it is trading in the close vicinity of the 1.1749 level followed close up by the 1.1725 level continuing with the 1.1686 point and lastly ending with the 1.1662 level.

On the other side of the coin by jumping over the 1.1858 level this will clear the path towards the 1.1882 level at first continuing shortly after with the 1.1911 level.

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EUR/USD influenced by the German IFO

 

EUR/USD Trading Quote

Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.1760 level and it seems that it is receiving a lot of strong influence from the release of the IFO survey in Germany.

EUR/USD continues to stay solid

EUR/USD analysts have recently noticed that the release of the IFO data in Germany has managed to land according to most expectations for this trading session actually most business predictions have been ranging from 109.5 towards 124.2 and this survey has managed to come exactly on the subject for the previous trading month.

EUR/USD traders are now waiting patiently for the European Central Bank conference to end where the quarterly evaluation is going to take place and the conclusions will surely have a strong effect on the overall trading process.

Next on tap there are is the release of the home sales figures as well as the goods orders figures in the United States.

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High = 1.1778

Low = 1.1745

 

Trading goes great with AvaTrade and BuyForexSignals.com

S3 = 1.1669 S2= 1.1697 S1 = 1.1724

R1 = 1.1779 R2 = 1.1809 R3 = 1.1834

EUR/USD important trading levels

For the time being the EUR/USD shared currency pair is going upwards by a positive value of +0.4% and it is trading in the close vicinity of the 1.1766 level thus by breaching the 1.1858 level this will definitely clear the trading path towards the 1.1883 point continuing with the 1.1912 level.

On the other side of the coin there are several solid levels starting with the 1.1725 level followed close up by the 1.1686 point and lastly ending with the 1.1662 point.

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EUR/USD picked up the pace towards 1.1780

 

EUR/USD Trading Quote

Today the EUR/USD shared currency pair is trading upwards compared to the previous trading day and it is now shadowing the 1.1770 level with a possibility of jumping towards the 1.1780 level in the near future.

EUR/USD influenced by the ECB

EUR/USD analysts now believe that the shared currency pair has managed to shake off the 1.1720 low levels behind and it will continue to climb upwards towards the 1.1770 level and it is still receiving influence from the United States 10-year reference data.

EUR/USD traders now believe that the releases of the PMI prints in the European Union are going to have a solid impact on the trading market.

Next on tap both investors and traders will be waiting for the conclusions from the European Central Bank conference which will definitely offer a softer tone to the overall trading process.

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High = 1.1778

Low = 1.1745

 

Trading goes great with AvaTrade and BuyForexSignals.com

S3 = 1.1669 S2= 1.1697 S1 = 1.1724

R1 = 1.1779 R2 = 1.1809 R3 = 1.1834

EUR/USD important trading levels

Right now the EUR/USD shared currency pair is going upwards by a positive value of +0.24% and it is trading in the close vicinity of the 1.1775 level thus by breaching the 1.1801 level this will quickly open the trading path towards the 1.1858 level at first followed close up by the 1.1884 level.

On the other side of the medal there are several solid levels beginning with the 1.1725 level continuing with the 1.1686 point and lastly ending with the 1.1665 point.

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