EUR/USD picks up the pace towards 1.1760

EUR/USD Trading Quote

Today the EUR/USD shared currency pair is finally ready to jump past the 1.1740 level and it is going towards the 1.1760 level with speed.

EUR/USD weakened by Mario Draghi

EUR/USD analysts have recently noticed that the shared currency pair has managed to lose a lot of trading speed due to the recent increase in selling steam based on Mario Draghi’s economic outlook and he has called out that increase in volatility is “solid and broad” and on top of this the shared currency pair has also been receiving strong influence from the quarterly evaluation which has shown that the inflation levels are growing with each passing week.

EUR/USD traders now hope that the core inflation data which will hit the chart tomorrow is going to offer a positive tone to the overall trading process.

In the meantime across the ocean in the United States there are no solid or relevant data release that could influence the trading process for the EUR/USD.

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High = 1.1770

Low = 1.1735

 

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S3 = 1.1669 S2= 1.1697 S1 = 1.1724

R1 = 1.1779 R2 = 1.1809 R3 = 1.1834

EUR/USD important trading levels

For the time being the EUR/USD shared currency pair is going downwards by a negative value of -0.46% and it is trading in the close vicinity of the 1.1749 level followed close up by the 1.1725 level continuing with the 1.1686 point and lastly ending with the 1.1662 level.

On the other side of the coin by jumping over the 1.1858 level this will clear the path towards the 1.1882 level at first continuing shortly after with the 1.1911 level.

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