EUR/USD keeps going down because of the ECB

 

EUR/USD trading quote

 

Today the EUR/USD shared currency pair is trading in the proximity of the 1.1050 level.

EUR/USD analysts have noticed that the shared currency pair is offering a serious amount of attention to the data coming from the European Central Bank therefore the 1.0940 level is the hottest trading spot for today at the same time a lot of pressure is building up.

Traders have predicted that there will be a lot of risk surrounding investments today hopefully these predictions will turn out to be shallow.

 

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High = 1.1008

EUR/USD 10th of March 2016 Trading Chart

EUR/USD 10th of March 2016 Trading Chart

 

Low = 1.0961

 

 

S3 = 1.0877 S2= 1.0904 S1 = 1.0931

 

R1 = 1.1022 R2 = 1.1049 R3 = 1.1077

 

EUR/USD important trading levels

For the time being the EUR/USD shared currency pair is going downwards by a negative value of -0.33% and it is trading in the proximity of the 1.0940 level and it is relying on the 1.0911 point followed close up by the 1.0823 point and ending with the 1.0709 trading point.

 

On the other side of the medal only by jumping over the 1.1043 point this will clear the path towards the 1.1101 point at first followed close up by the 1.1166 desired level.

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