EUR/USD trading low on the US CPI data

 

EUR/USD trading quote

 

Today the EUR’/USD shared currency pair is trading downwards and it is receiving a lot of influence from the United States Consumer data as well as from the C.P.I. enhancement which went up by a positive value of +0.2%.

Analysts believe that the EUR/USD “fiber” currency pair is sticking like glue to low levels all of which are around the 1.1065 trading point.
At the same time traders have their hopes up for the EUR/USD because it is imperative that the losses end after an entire trading week of losses therefore hope is just around the corner where the trading cross will being a correction trading path and regain most of its losses.

 

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High = 1.1142

EUR/USD 19th of February 2016 Trading chart

EUR/USD 19th of February 2016 Trading chart

 

Low = 1.1068

 

 

S3 = 1.0991 S2= 1.1072 S1 = 1.1046

 

R1 = 1.1126 R2 = 1.1153 R3 = 1.1181

 

EUR/USD important trading levels

 

For the time being the EUR/USD shared currency pair is trading in the close vicinity of the 1.1070 level and so far it has managed to keep the trading cross under the fault line nonetheless it is relying heavily on the 1.1053 level followed close up by the 1.0963 level and lastly ending with the 1.0903 trading point.

 

On the other side of the medal there are several strong points beginning with the 1.1149 point followed close up by the 1.1178 level and finally ending with the 1.1194 trading point.

 

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