EUR/USD testing the 1.1980 point

 

EUR/USD Trading Quote

Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.1960 level and it seems that it will be making a jump towards the 1.1980 in the very near future.

EUR/USD reacted to the USD weak data

Today the EUR/USD analysts have managed to identify the main source coming in from the US DXY Index which has created a new loop hole for the trading cross to move around the trading chart nonetheless positive vibes have been coming in from the US money markets which have increased in volume by a positive value of +2.5% on a yearly basis.

EUR/USD traders are still waiting patiently for the release of the EMU CPI figures for the previous month which have been predicted to land close to the +1.5% value on a yearly basis and +1.4% on a monthly basis.

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High = 1.1980

Low = 1.1910

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S3 = 1.1752 S2= 1.1782 S1 = 1.1752

R1 = 1.1930 R2 = 1.1954 R3 = 1.1212

EUR/USD important trading levels

For the time being the EUR/USD shared currency pair is going upwards by a positive value of +0.25% and it is trading in the close vicinity of the 1.1966 level thus 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 level.

On the other side of the medal there are several solid point beginning with the 1.1910 level continuing with the 1.1839 level and lastly ending with the 1.1837 point.

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