Today the EUR/USD shared currency pair has reacted to the releases of the United States data and has managed to quickly jump close to the 1.1950 area.
EUR/USD analysts have recently noticed that the shared currency pair has received a lot of influence from the United States production data which did not manage to come in accordingly to most expectations for the previous month of August thus landing close to a value of +0.2% on a monthly basis and 2.3% on a yearly basis.
In the meantime EUR/USD traders have noticed that the core values have went up by a value of +0.2% and 2.0% on a yearly basis and the trading cross will have to deploy a lot of effort in reaching the 1.2000 level.
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High = 1.1980
Low = 1.1910
S3 = 1.1752 S2= 1.1782 S1 = 1.1752
R1 = 1.1930 R2 = 1.1954 R3 = 1.1212
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 in the close vicinity of the 1.1964 level and it will be relying heavily on the 1.1946 point followed close up by the 1.1888 level and lastly ending with the 1.1823 point.
On the other side of the coin by jumping over the 1.2041 level this will clear the trading path towards the 1.2092 point followed close up by the 1.2167 level.