Today the EUR/USD shared currency pair has managed to reach the 1.0930 level and it is already showing some very strong signs of moving upwards close to the 1.0940 trading point.
Analysts have concluded that the for the EUR/USD currency pair the release of the United States data especially the P.M.I. prints will have the biggest influence on the overall trading process at the same time good news is streaming from the I.S.M. data which has managed to jump over most expectations.
Traders already think that1.0900 is a thing of the past.
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High = 1.0951
Low = 1.0855
S3 = 1.0765 S2= 1.0792 S1 = 1.0819
R1 = 1.0875 R2 = 1.0902 R3 = 1.0929
For the time being the EUR/USD shared currency pair is going upwards by a positive value of +0.6% and it is trading in the proximity of the 1.0920 level and it is showing signs of moving towards the 1.1000 level followed close up by the 1.1046 point and ending with the 1.1123 level.
On the other side of the coin only by jumping over the 1.0823 level this will clear the path towards the 1.0777 point at fist followed close up by the desired level of 1.0709,