Today the EUR/USD shared currency pair is keeping the risk sentiment low as there is a small difference between the United States data releases and the positive influence it is having on the overall trading process.
Analysts noticed that the EUR/USD shared currency pair is reacting to the P.M.I. data which went downwards close to the 47.3 level missing almost all expectations of 53.0 at the same time employment are not looking so promising. A spot on pack of data came from the retail sales which kicked up by a positive value of +2.5% for the first month of the year.
Nonetheless traders continue to believe that the EUR/USD shared currency pair is ignoring with great ease and it is not any signs of moving.
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High = 1.1068
Low = 1.1006
S3 = 1.0780 S2= 1.0815 S1 = 1.0893
R1 = 1.1068 R2 = 1.1045 R3 = 1.1073
For the time being the EUR/USD shared currency pair is trading in the close vicinity of the 1.0880 level going downwards by a negative value of -0.5% and it is relying on many support point beginning with the 1.0814 level at first followed close up by the 1.0777 level.
On the other side of the coin there are several strong points starting with the 1.0975 level followed close up by the 1.1073 point and lastly ending with the 1.1067 trading point.