Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.1860 level and it is already showing some very solid signs of moving upwards close to the 1.1870 point where it intends to stay for a while until the end of the trading session.
EUR/USD analysts have recently noticed that the shared currency pair has managed to lose the 1.1900 level but the movements has been halted close to the 1.1870 point and it is going to receive a lot of influence from the EUR/GBP trading process and from the Bank of England which has voted to keep unchanged the monetary values.
EUR/USD traders now believe that the release of the EMU retail sales data will go as high as a +0.6% on a month to month basis and on a yearly basis it will go as high as +3.1% nonetheless both analysts and traders will be waiting for the releases of PMI data for the previous month as well as for the ISM non-manufacturing figures which will surely enhance the trading process.
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High = 1.1875
Low = 1.1815
S3 = 1.1679 S2= 1.1738 S1 = 1.1798
R1 = 1.1914 R2 = 1.1972 R3 = 1.2031
For the time being the EUR/USD shared currency pair is going upwards by a small yet positive value of +0.2% and it is trading close to the 1.1860 level and it is relying heavily on the 1.1909 level at first followed close up by the 1.2040 point and lastly ending with the 1.2166 point.
On the other side of the coin by jumping past the 1.1748 level this will clear the path towards the 1.1736 level at first followed close up by the 1.1612 level.