The EUR/USD shared currency pair has started registering a strong movement in the vicinity of the 1.4000 level this occurred mostly because of the lack of interest of the European Central Bank in transmitting and fiscal measures.
Traders continue to believe that the Mr. Draghi attitude towards this problem was very sharp mentioning that a 10% exchange rate would decrease by a small value of 0.5 points the inflation rate.
For now at least the EUR/USD “fiber” currency pair is up by a positive value of +0.33% in the close vicinity of the 1.3903 level showing some strong resistance points starting with the 1.4000 level followed close by the 1.4172 level and ending with the 1.4200 point.
On the other side of the coin by breaching the 1.3721 level this would definitely open the path towards the 1.3707 level and ending with the “desired” 1.3694 point.
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Low = 1.3856
R1 = 1.3945 R2 = 1.3978 R3 = 1.4011
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