EUR/USD waits for the German data to come out

 

EUR/USD trading quote

 

Today the EUR/USD shared currency pair is waiting for the release of the new trading data in Germany as well as reaction from the Q.E. of the European Central Bank.

Traders believe that the 1.1000 level is the next target for the trading cross after it has nearly touched the 1.0955 level nonetheless traders continue to believe that the P.M.I. will balance the trading process for this current trading session.
With the release of the German data the business index went upwards by a total value of +107.1 jumping over the last mark in February which was 106.4.
In the meantime across the ocean the USD is down by a negative value of -0.23% closing in to the 97.12 point.
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High = 1.0948

EUR/USD 25th of march 2015 trading chart

EUR/USD 25th of march 2015 trading chart

 

Low = 1.0902

 

 

S3 = 1.0784 S2 = 1.0811 S1 = 1.0838

 

R1 = 1.0978 R2 = 1.1005 R3 = 1.1035

 

 

 

EUR/USD important trading levels

For the time being the EUR/USD shared currency pair is going down by a negative value of -0.29% and it is trading in the proximity of the 1.0953 point, there are several solid points beginning with the 1.0972 level and ending with the 1.1000 point.

 

On the other side of the coin there are many support levels starting with the 1.0904 level followed close up by the 1.0850 point.

 

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