EUR/USD landed close to 1.0880

 

EUR/USD trading quote

 

Today the EUR/USD shared currency pair is now trading in the close vicinity of the 1.0828 level.

Many analysts consider that the EUR/USD shared currency pair is receiving negative influence under the form of a risk sentiment namely the release of the A.D.P. data in the United States which so far has managed to keep the trading cross in the proximity of the 1.0830 – 1.0835 level and there is a high possibility that the overall trading sentiment will keep on sliding downwards close to the 1.0800 point.

Traders believe that the EUR/USD shared currency pair will receive a lot of influence from the Fed hopefully the trading cross will have to listen and move in a constant method.
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High = 1.0881

EUR/USD 2nd of March 2016 Trading chart

EUR/USD 2nd of March 2016 Trading chart

 

Low = 1.0827

 

 

S3 = 1.0768 S2= 1.0795 S1 = 1.0822

 

R1 = 1.0882 R2 = 1.0910 R3 = 1.0936

 

EUR/USD important trading levels

For the time being the EUR/USD shared currency pair is going downwards by a huge negative value of -0.23% and it is currently trading in the close vicinity of the 1.0839 level therefore only by breaching the 1.0809 barrier this will clear the trading path towards the 1.0777 level followed close up by the 1.0709 level.

 

On the other side of the coin there are several strong points beginning with the 1.0930 point followed close up by the 1.1047 level and ending with the 1.1123 desired high level.

 

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