Today the EUR/USD shared currency pair is trading above the 1.1800 level and it seems that the European Union trading session is going to be full of surprises mostly because many have already predicted that at the end of the session the trading cross will be near the 1.1900 point.
EUR/USD analysts now reflect upon the weakness of the US dollar which has already increased the trading speed of the currency pair thus the European Central Bank will begin to announce all the new monetary modifications for the future.
EUR/USD traders now believe that the shared currency pair will also be receiving plenty of influence from the EUR/GBP currency pair which is now stronger than ever and trading in a sharp direction close to the 1.3250 level nonetheless the release of the weak Untied States figures as well as the release of the US ADP jobless data will surely have a significant influence on the overall trading process.
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High = 1.1910
Low = 1.1830
S3 = 1.1749 S2= 1.1755 S1 = 1.1769
R1 = 1.1788 R2 = 1.1792 R3 = 1.1816
For the time being the EUR/USD shared currency pair is going upwards by a positive value of +0.39 and it is currently trading in the close vicinity of the 1.1860 level and it is relying on the 1.1785 level followed close up by the 1.1728 level and lastly ending with the 1.1886 point.