Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.1680 low spot at the end of the trading week.
EUR/USD analysts have recently noticed that the United States economy has managed to go downwards by a total value of -33.000 jobs for the previous month thus narrowly missing the previously forecasted value.
The unemployment data has also gone downwards by a huge value of -4.6% and clearing the path for a brand new set of high inflation data starting with +0.6% in the near future.
At the same time in the European Union steam is building up with the regional and social problems in Spain thus taking its toll on the strength of the European single currency nonetheless across the ocean the US Fed is releasing some policy updates from the main board members therefore offering a small breath of fresh air to the overall trading process.
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High = 1.1710
Low = 1.1650
S3 = 1.1704 S2= 1.1728 S1 = 1.1763
R1 = 1.1917 R2 = 1.1942 R3 = 1.11976
For the time being the EUR/USD shared currency pair is going downwards by a negative value of -0.34% and it is trading in the close vicinity of the 1.1673 level therefore by breaching the 1.1662 level this will clear the trading path towards the 1.1595 level.
On the other side of the medal there are several strong points beginning with the 1.1764 level continuing with the 1.1835 point and lastly ending with the 1.1861 point.