Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.0900 trading point but did not managed to hold this point and went downwards close to the 1.0860 trading point and with this came the strengthening of the United States currency.
Analysts now believe that the EUR/USD shared currency pair will climb as high as it can close to the 1.0913 level but there is a high possibility that it might plunge towards the 1.0863 level.
Traders continue to believe that the release of the F.O.M.C. data will definitely bring an improvement to the overall trading process at the same time the risk sentiment will be lowered.
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High = 1.0914
Low = 1.0852
S3 = 1.0786 S2= 1.0815 S1 = 1.0840
R1 = 1.0896 R2 = 1.0923 R3 = 1.0950
For the time being the EUR/USD shared currency is trading upwards by a small yet positive value of +0.08 in the proximity of the 1.0872 level and it is relying heavily on the 1.0830 point followed close up by the 1.0775 point and lastly ending with the 1.0710 trading point.
On the other side of the medal there are several strong points beginning with the 1.0911 level continuing with the 1.0985 point and lastly ending with the 1.1050 trading level.