Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.1830 level and it is already showing strong signs of moving upwards close to the 1.1850 level.
EUR/USD analysts have recently concluded that the early release of the industrial production data in Germany has managed to create quite a wave on the trading chart and also created several tensions in the industrial segment. Another important data release is the European Central Bank conference which is offering.
EUR/USD traders are also keeping a close eye on the FOMC minutes release which will also offer plenty of important information for the overall trading process and at the same time the US Fed will rally up for the last month of the year economic stall.
EUR/USD traders also believe that the shared currency pair will receive a lot of influence from the producer data which has been scheduled for tomorrow as well as the CPI figures complete with the retail sales numbers.
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High = 1.1850
Low = 1.1760
S3 = 1.1709 S2= 1.1727 S1 = 1.1761
R1 = 1.1914 R2 = 1.1941 R3 = 1.1972
For the time being the EUR/USD shared currency pair is going upwards by a positive value of +0.24% and it is trading in the close vicinity of the 1.1842 level and it is relying heavily on the 1.1912 level followed close up by the 1.2033 point and lastly ending with the 1.2094 point.
On the other side of the medal by jumping over the 1.1767 level this will clear the trading path towards the 1.1686 point followed close up by the 1.1662 point.