Today the EUR/USD shared currency pair is surfing on high levels and it is trading in the close vicinity of the 1.1170 level and it is going upwards close to the 1.1180 level.
EUR/USD analysts have quickly noticed that the DXY US index is now going down with speed having left behind the 97.50 value and it is showing some strong signs that the 97.10 is the next stop therefore because of this weak movement the trading cross has already expanded its wings towards the 1.1200 level.
EUR/USD traders have recently declared that the ongoing United States political sparks concerning the Trump presidency have created a huge gap within the USD strength.
At the same time in the EU the European Central Bank is posting some updates on the future inflation figures.
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High = 1.1198
Low = 1.1105
S3 = 1.0952 S2= 1.1018 S1 = 1.1062
R1 = 1.1163 R2 = 1.1219 R3 = 1.1255
Right now the EUR/USD shared currency pair is going upwards by a huge +0.59% positive value and it is trading in the close vicinity of the 1.1176 level followed closely by the 1.1200 level and lastly ending with the 1.1300 point.
On the other side of the coin by jumping over the 1.1071 level this will clear the path towards the 1.0953 level at first followed immediately after by the 1.0824 point.