EUR/USD still unsure about the United States data

 

EUR/USD trading quote

 

Today the EUR/USD shared currency pair is receiving a lot of positive data from the United States data release especially from the new oil prices.

Analysts have swiftly noticed that the EUR/USD shared currency pair is keeping a strong grip on the 1.0985 level with strong intentions of moving on to the 1.1039 higher level nonetheless the European Union data releases managed to shake off some of the initiative and halted the trading spring in the vicinity of the 1.1048 level.

Traders have declared that this trading session has turned out to be very violent with huge changes nonetheless hopes stay with the most important data releases which is the German CPI figure pack as well as the GDP data.

 

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High = 1.1047

EUR/USD 25th of February 2016 trading Chart

EUR/USD 25th of February 2016 trading Chart

 

Low = 1.0988

 

 

S3 = 1.0883 S2= 1.0912 S1 = 1.0938

 

R1 = 1.1028 R2 = 1.1056 R3 = 1.1083

 

EUR/USD important trading levels

 

For the time being the EUR/USD is trading in the proximity of the 1.1029 level going upwards by a positive value of +0.16% and it is relying on the 1.1047 level followed close up by the 1.1138 pointand ending with the 1.1178 trading point.

 

On the other side of the medal there are several strong points beginning with the 1.0955 level continuing with the 1.0905 point and ending with the desired 1.0882 trading point.

 

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