Today the EUR/USD shared currency pair is trading in the proximity of the 1.1400 point at the bottom of this movements stands the most recent US data especially the employment figures.
Many analysts have quickly noticed that the EUR/USD shared currency pair is trading in the proximity of the 1.1390 level therefore because of this movement in the European Union the single currency pair is starting to behave very bullish.
Traders have already announced that the release of the jobless data is a sign of overall trading improvement therefore the release of the Fed policy will continue to offer this consistent support.
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High = 1.1401
Low = 1.1311
S3 = 1.1256 S2= 1.1284 S1 = 1.1315
R1 = 1.1396 R2 = 1.1423 R3 = 1.1452
For the time being the EUR/USD shared currency pair is trading in the close vicinity of the 1.1418 level followed close up by the 1.1460 point and ending with the 1.1500 trading point.
On the other side of the coin only by jumping over the 1.1376 level this will clear the trading path towards the 1.1300 point followed close up by the 1.1236 level.