Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.1870 level and it will rise for a little close to the 1.1880.
EUR/USD analysts have recently noticed that the shared currency pair has started trading downwards with a solid consistency and the descent has halted close to the 1.1870 level and at the bottom of this stands the early release of the US CPI data which has landed under most predictions nonetheless some influence will be coming in from the Trump tax reform.
EUR/USD traders have noticed that the release of the CPI data in United States for the previous month August in France and Italy should be far from making a noticeable impact on the markets. However, the most important influence will be coming from the European Central Bank which is now preparing a new set of policy updates.
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High = 1.1880
Low = 1.1710
S3 = 1.1752 S2= 1.1782 S1 = 1.1752
R1 = 1.1930 R2 = 1.1954 R3 = 1.1212
Right now the EUR/USD shared currency pair is going downwards by a negative value of -0.12% and it is trading close to the 1.1870 level therefore by jumping over the 1.1823 level this will clear the path towards the 1.1816 level followed close up by the 1.1723 level.
On the other side of the coin there are several solid levels beginning with the 1.1932 point continuing with the 1.2041 level and lastly ending with the 1.2092 point.