Today the EUR/USD shared currency pair is now trading in the close vicinity of the 1.1750 level and it is already showing serious signs of moving slightly lower.
EUR/USD analysts have recently noticed that the shared currency pair has managed to leave behind the 1.1660 level and at the bottom of this stands the most recent data release of the United States payroll figures at the end of the last trading week which so far it seems that is offering strong influence even across the weekend but the trading cross has also managed to consolidate the 1.1700 level and recently it has reached the 1.1750 point where it is going to stay for a while.
EUR/USD traders are quietly waiting for the releases of the United States bonds data in accordance with the Columbus Day short holiday therefore the volatility levels are going to be affected.
In the meantime in the European Union the release of the industrial production figures in Germany for the previous month are creating some waves in and at the same time the EMU figures will also offer a helping hand to the overall trading process.
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High = 1.1760
Low = 1.1660
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 upwards by a positive value of +0.3% and it is trading in the close vicinity of the 1.1734 level and it is relying heavily on the 1.1754 level followed close up by the 1.1835 level and lastly ending with the 1.1847 level.
On the other side of the medal by jumping over the 1.1686 level this will clear the path towards the 1.1662 level at first followed close up by the 1.1601 point.