Today the EUR/USD shared currency pair is shadowing the 1.1760 level and it is showing some signs that it is going to move upwards close to the 1.1770 level later in the trading session.
EUR/USD analysts now believe that the most influential trading event for today is going to be the speech held by Mr. President Mario Draghi who has already sated that the monetary evolution is bound to reach a stand still point while, in the meantime, the currency pair will continue to build up a lot of trading steam and the buying interest will obviously go down.
EUR/USD traders believe that the USD DXY Index is jumping towards a positive movement in the very near future and the US 10-year data will definitely help this movement and of course its own recovery.
At the same time across the ocean in the United States traders and investors are quietly waiting for the releases of the housing data for the previous month as well as for the building permits figures.
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High = 1.1770
Low = 1.1710
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 downwards by a negative value of -0.4% and it is trading in the close vicinity of the 1.1759 level and it is going to rely heavily on the 1.1737 level followed close up by the 1.1686 point and lastly ending with the 1.1662 point.
On the other side of the medal by jumping over the 1.1802 level this will clear the trading path towards the 1.1841 point continuing with the 1.1882 level.