Today at the beginning of the trading week the EUR/USD shared currency pair is trading in the proximity of the 1.1000 trading point.
Analysts consider that the EUR/USD shared currency pair is currently under a lot of steam therefore the risky part is taking on new proportions because it is receiving mediocre influence from both European Union as well as United States trading markets.
EUR/USD will have to wait for a consistent data releases this is why many traders already believe that the P.M.I. data is probably the most important data release for this trading week.
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High = 1.1126
Low = 1.1005
S3 = 1.1044 S2= 1.1073 S1 = 1.1099
R1 = 1.1170 R2 = 1.1198 R3 = 1.1228
For the time being the EUR/USD shared currency pair is going down by a strong negative value of -1.02% and it is trading in the proximity of the 1.1012 level therefore only by jumping over the 1.1000 level this will clear the trading path towards the 1.0965 level at first followed close up by the 1.0709 level.
On the other side of the medal there are several strong points beginning with the 1.1220 level continuing with the 1.1378 level and lastly ending with the 1.1496 desired level.