Today the EUR/USD shared currency pair is trading close to the 1.1760 level and it is already showing some very solid signs of going upwards close to the 1.1780 level.
EUR/USD analysts now believe that the shared currency pair will be trading for a while in the close vicinity of the 1.1770 area for a while and it is going to react promptly to most USD actions and hopefully begin consolidating.
At the same time in the European Union is offering a lot of trading influence which is coming from the ECB where the President Mr. Mario Draghi has announced the next quarterly events and the Sintra meeting.
EUR/USD traders have also pointed out that there are no new data releases in the European Union instead all eyes will be fixed on the United States Chicago Fed index which will offer plenty of trading influence.
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High = 1.1760
Low = 1.1680
S3 = 1.1812 S2= 1.1816 S1 = 1.1863
R1 = 1.1801 R2 = 1.1831 R3 = 1.1824
For the time being the EUR/USD shared currency pair is going upwards by a positive value of +0.3% and it is trading close to the 1.1765 level thus by breaching the 1.1790 point this will clear the path towards the 1.1846 level followed close up by the 1.1895 point.
On the other side of the coin there are several solid levels beginning with the 1.1663 point continuing with the 1.1612 level and lastly ending with the 1.1602 point.