Today the EUR/USD shared currency is trading once again in the close vicinity of the 1.1800 level and it is patiently waiting for the European Union trading session to begin.
EUR/USD analysts have recently noticed that the shared currency pair has left the 1.1770 level behind and it is slowly moving towards the 1.1810 level with very few little variations towards the 1.1820 point towards the end of the trading session and at the bottom of this movement stands the US positive vibes which came from the US DXY Index posting close to the 94.00 value.
EUR/USD traders feel confident that both the US data as well as the German figures will have a strong influence on the price action as well as on the overall trading process nonetheless the European Central Bank is having a conference in the near future regarding the economic sentiment.
In the meantime the release of the manufacturing index in the United States will definitely prove to be a starting point for a better softer movement on the trading cross.
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High = 1.1820
Low = 1.1760
S3 = 1.1719 S2= 1.1737 S1 = 1.1781
R1 = 1.1904 R2 = 1.1921 R3 = 1.1962
For the time being the EUR/USD shared currency pair is going upwards by a positive value of +0.18% and it is trading in the close vicinity of the 1.1803 level thus by breaching the 1.1840 level this will clear the trading path towards the 1.1882 level followed close up by the 1.1911 level.
On the other side of the coin there are several strong levels beginning with the 1.1730 level followed close up by the 1.1686 level and lastly ending with the 1.1662 point.