Today the EUR/USD shared currency pair is trading high just as the trading session began and it is now residing in the close vicinity of the 1.0950 level and it is showing that there is an outstanding potential in this current trading session.
EUR/USD analysts now believe that the shared currency pair will be reacting very promptly to the overwhelming buying action across the trading chart therefore the main source of influence will be coming in from the United States inflation data as well as from the retail figures nonetheless one thing is clear and that is that the trading cross will keep the trading zone above the 1.0910 level.
EUR/USD traders will also be waiting for the release of the CFTC index which will be a strong trading base.
In the meantime in the European Union the data calendar is rather shallow and it will be providing very little influence.
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High = 1.0965
Low = 1.0910
S3 = 1.0781 S2= 1.0816 S1 = 1.0839
R1 = 1.0891 R2 = 1.0925 R3 = 1.0942
For the time being the EUR/USD shared currency pair is going upwards by a solid positive value of +0.8% and it is trading in the proximity of the 1.0942 level therefore by jumping over the 1.0952 level this will clear the trading path towards the 1.1024 point at first followed close up by the 1.1310 high spot.
On the other side of the medal there are several solid levels beginning with the 1.0918 level continuing with the 1.0872 point and lastly ending with the 1.0838 point.