Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.1860 level and has barely managed to shake off the 1.1840 previous level.
EUR/USD analysts now believe that the shared currency pair is receiving a lot of positive influence from the EUR/GBP currency pair thus it has managed to surpass the 1.1860 level and continue going on upwards on the trading chart. Many EUR/USD buyers believe that the low levels will return quickly to the chart but it seems that the EUR/GBP is trading very high and the weakness in the UK is becoming more and more vibrant.
At the same time across the ocean in the United States the capital markets are behaving more and more exclusive when it comes to analyzing the price action data on the most recent reference.
EUR/USD traders are now patiently waiting for the United States production prices to come out into the open, everyone will also be waiting for the initial claims data as well as the FOMC conference to end.
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High = 1.1870
Low = 1.1790
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 +0.2% and it is trading in the close vicinity of the 1.1859 level and it will be relying heavily on the 1.1912 level continuing with the 1.2033 point and lastly ending with the 1.2094 level.
On the other side of the coin by jumping over the 1.1767 level this will clear the path towards the 1.1686 level at first followed close up by the 1.1662 level.