EUR/USD camps close to the 1.0720 level

 

EUR/USD trading quote

 

Today the EUR/USD shared currency pair is trading in the vicinity of the 1.0720 level.
Many analysts believe that European Union data releases are oriented towards raising the inflation levels therefore the consuming data is up by a small value of +0.2% at the same time the jobless data are close to the 11.1 value compared to the 11.4 predicted value.

 

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High = 1.0847

EUR/USD 31st of March 2015 Trading Chart

EUR/USD 31st of March 2015 Trading Chart

 

Low = 1.0714

 

 

S3 = 1.0726 S2 = 1.0753 S1 = 1.0779

 

R1 = 1.0865 R2 = 1.0893 R3 = 1.0920

 

 

 

EUR/USD important trading levels

For the time being the EUR/USD shared currency pair is down by a total negative value of -0.92% and it is trading in the proximity of the 1.0728 level and it is relying heavily on the 1.0700 level continuing with the 1.0688 point and ending with the 1.0618 point.

 

On the other side of the coin by breaching the 1.0833 point this will definitely clear the path towards the 1.0860 level at first followed close up by the desired level of 1.0900.

 

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