Today the EUR/USD shared currency pair is facing a lot trading pressure and has already started to build up steam in the close vicinity of the 1.1800 level.
EUR/USD analysts now believe that the shared currency pair is behaving rather nice at the beginning of the trading week and it is reeling in plenty of pips this is mostly because of the European Central Bank policy updates.
EUR/USD traders have recently noticed that there are several investors lining up to enhancer the trading process but it seems that the trading cross is still reacting to the most recent inflation data in the United States.
Both traders and analysts are now patiently waiting for the release of the FOMC figures in the United States nonetheless in the European Union the ECB will have some details to share related to the European single currency and how it will influence the future of the trading market.
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High = 1.1850
Low = 1.1720
S3 = 1.1812 S2= 1.1815 S1 = 1.1822
R1 = 1.1834 R2 = 1.1840 R3 = 1.1855
For the time being the EUR/USD shared currency pair is going upwards by a positive value of +0.24% and it is trading in the close vicinity of the 1.1796 level therefore by breaching the 1.1723 level this will clear the trading path towards the 1.1689 level continuing with the 1.1611 level.
On the other side of the coin there are several solid levels beginning with the 1.1847 level followed close up by the 1.1896 level and lastly ending with the 1.1912 point.