Today the EUR/USD shared currency pair is trading close to the 1.1800 level.
EUR/USD analysts now believe that the shared currency pair has managed to find plenty of support in the proximity of the 1.1730 level and it is showing some serious signs that the next support point will be very near to the 1.1800 level.
EUR/USD traders are keeping a close eye on the recent data release in the United States where it seems that the payrolls data are enhancing the Fed actions in the future nonetheless the release of the CFTC report will surely offer more light on this predicament.
In the meantime in the European Union there are no solid data releases to fully influence the trading process all eyes will be fixed across the ocean on the FOMC conference which is just around the corner.
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High = 1.1840
Low = 1.1725
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 positive value of +0.21% and it is trading in the close vicinity of the 1.1798 level and it will be relying heavily on the 1.1892 level followed close up by the 1.1909 point and lastly ending with the 1.2040 level.
On the other side of the medal by breaching the 1.1727 barrier this will clear the trading path towards the 1.1638 level at first followed close up by the 1.1611 desired point.