Today the EUR/USD is trading in the close vicinity of the 1.1980 level and it seems that it is keeping a keen eye on the 1.2000 area.
EUR/USD analysts have recently noticed that the shared currency pair has managed to gather a lot of trading steam right after the release of the United States retail figures which have managed to go upwards 0.2% therefore missing expectations by a value of 0.1%.
In the meantime EUR/USD traders feel confident that the releases of the United States in the NY trading session will surely bring some support but the industrial production data will definitely help out the overall trading process.
Right now the EUR/USD shared currency pair will be trading in the proximity of the 1.1980 level for a while and it will be deploying several solid efforts in jumping over the 1.2000 point.
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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 shared currency pair has managed to recover by a positive value of +0.42% and it will be trading close to the 1.1968 level therefore by breaching the 1.1995 level this will clear the trading path towards the 1.2041 level at first followed close up by the 1.2092 point.
On the other side of the coin there are several solid points beginning with the 1.1830 point continuing with the 1.1823 level and lastly ending with the 1.1733 point.