Analysts believe that the recent E.M.U. data sky rocketed beyond most predictions for this trading month. The most important figure releases for today will be the inflation data in Germany, in addition to this analysts continue to believe that the although the European Central Bank lowered its rate steam is still building at the “trading horizon”.
For the time being the EUR/USD “fiber” currency pair is up by a positive value of +0.18% in the proximity of the 1.3598 level showing some strong levels close to the 1.3628, 1.3647 and 1.3696 levels.
On the other side of the medal by breaching the 1.3564 level this would clear the way towards the 1.3558 point at first followed close by the 1.3529 point.
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High = 1.3591
Low = 1.3565
R1 = 1.3623 R2 = 1.3657 R3 = 1.3691