Today the EUR/USD is trading in the close vicinity of the 1.1100 level and for the moment it is still acting in a spike position around the recently mentioned value therefore it will be trading up and down around this value.
EUR/USD analysts now believe that the trading cross is at a new positive and consistent level at the middle of the trading week therefore this is the third session in a row where the trading cross is gaining speed and it is already looking towards the 1.1115 level and it is already dipping towards the 1.1120 level with both selling and buying actions.
EUR/USD traders feel rather confident that the USD single currency is receiving a lot of influence from the United States political tensions especially from the ongoing tensions between the Trump Presidency the FBI changes as well as the Russia influence over some official statements nonetheless the USD will also be receiving a lot of influence from the US DXY index which is right where it was 6 months ago at the end of October.
Traders have recently noticed that the data calendar is very weak in the European Union and only the release of the CPI data will bring some new values for the previous month while the United States oil data will bring some heavy influence.
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High = 1.1120
Low = 1.0980
S3 = 1.0782 S2= 1.0895 S1 = 1.0890
R1 = 1.0911 R2 = 1.0939 R3 = 1.0950
For the time being the EUR/USD shared currency pair is trading upwards by a positive value of +0.21% in the close vicinity of the 1.1108 level therefore by jumping over the 1.1117 level this will clear the trading path towards the 1.1146 level at first followed close up by the 1.1300 point.
On the other side of the coin there are several solid levels beginning with the 1.1075 level continuing with the 1.0912 level and lastly ending with the 1.0826 low spot.