Today the EUR/USD shared currency pair has jumped over the 1.0900 level and it is already presenting new high levels.
EUR/USD analysts believe that the shared currency pair is now closing in to a slight negative tone but it has managed to keep sharp close to higher levels which are all above the 1.0900 level and with a weak data release coming in from the United States where so far is seems that the CPI and Retail figures have not managed to bring any movement whatsoever.
EUR/USD traders have also managed to find out that the US Dollar DXY index has lost most of its spark when it landed down to the 99.10 value therefore erasing all the previous gains hopefully everyone is still waiting for the release of the Consumer Sentiment for the current month which will eventually bring some new light on the overall trading process.
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High = 1.0925
Low = 1.0860
S3 = 1.0783 S2= 1.0812 S1 = 1.0836
R1 = 1.0892 R2 = 1.0921 R3 = 1.0944
For the time being the EUR/USD shared currency pair is trading upwards by a positive value of +0.52% and it is trading in the close vicinity of the 1.0912 level therefore by breaching the 1.0935 barrier this will clear the trading path towards the 1.0951 at first followed close up by the 1.1024 level.
On the other side of the medal there are several strong points beginning with the 1.0839 level continuing with the 1.0823 point and lastly ending with the 1.0817 level.