Today the EUR/USD shared currency pair is trading in the vicinity of the 1.1010 level and it is already showing strong consistent signs of moving upwards close to the 1.1030 trading point.
Analysts believe that the EUR/USD is receiving small influence from the new data releases therefore the trading sentiment is holding it in on a very tight range with the E.M.U. showing a very small enhancement of +0.4%.
Traders feels confident that the EUR/USD trading cross will set up camp in the proximity of the 1.1000 level and it is receiving a lot of influence from the E.C.B. data releases.
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High = 1.1046
Low = 1.1008
S3 = 1.0922 S2= 1.0948 S1 = 1.0977
R1 = 1.1064 R2 = 1.1092 R3 = 1.1119
For the time being the EUR/USD shared currency pair is going upwards by a positive value +0.8% value and it is trading in the proximity of the 1.1022 level therefore by breaching the 1.1045 level this will clear the path towards the 1.1071 level followed close up by the 1.1123 level.
On the other side of the medal there are many strong points starting with the 1.0978 level followed close up by the 1.0913 point and ending with the 1.0823 level.