Today the EUR/USD shared currency pair is now trading in the close vicinity of the 1.1880 level and it is already showing strong signs of moving upwards close to the 1.1900 point and at the bottom of this stands the recent data releases in the European Union
EUR/USD analysts have recently concluded that the shared currency pair is trading in the lower part of the trading chart today due to the early release of the inflation figures in the United States and the reaction of the US Fed to this has also managed to create a more solid version of the weakness and this will also be seen in the consumer confidence figures which have already fallen by a value of -2%.
In the meantime in the European Union the EU Commission will release the consumer data for the previous month and at the same time ECB President Mario Draghi will be holding an important conference in Frankfurt Germany.
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High = 1.1980
Low = 1.1920
S3 = 1.1904 S2= 1.1928 S1 = 1.1963
R1 = 1.2019 R2 = 1.2042 R3 = 1.12076
For the time being the EUR/USD shared currency pair is going downwards by a negative value of -0.4% and it is trading close to the 1.1882 level therefore by breaching the 1.1862 level this will clear the path towards the 1.1837 point followed close up by the 1.1773 point.
On the other side of the medal there are several solid levels beginning with the 1.1928 level continuing with the 1.1942 point and lastly ending with the 1.2024 desired level.