EUR/USD reacted to the US GDP and jumped to 1.0920

EUR/USD trading quote

Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.0940 level and there are many solid signs that the trading cross will continue to go downwards close to the 1.0920 level just as the US NA session is debuting.

EUR/USD influenced heavily by the United States data releases

EUR/USD analysts believe that the 1.0800 level is now very far from becoming a reality and it seems that the 1.0950 level is just around the corner and major influence will be coming in from the United States DXY Index which is now close to reaching the 98.50 value.

EUR/USD traders feel very confident that there release of the CPI figures will land close to the predicted value of +1.9% for the previous month and on a year to year basis it will increase in volume by a value of +1.2% and ultimately offer a positive tone to the overall trading process.

At the same time across the ocean in the United States the release of the GDP data release will offer a stronger trading tone.

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High = 1.0950

Low = 1.1857

S3 = 1.0755 S2= 1.0806 S1 = 1.0839

R1 = 1.0919 R2 = 1.0967 R3 = 1.1005

EUR/USD important trading levels

For the time being the EUR/USD shared currency pair is trading upwards by a positive value of +0.51% and it is trading close to the 1.0928 level therefore by jumping over the 1.0944 level this will clear the path towards the 1.0952 point followed close up by the 1.1000 level.

On the other side of the medal there are several solid levels beginning with the 1.0850 level followed close up by the 1.0834 point and lastly ending with the 1.0805 point.

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EUR/USD is staying close to the 1.0880 level

 

EUR/USD trading quote

Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.0870 level and it is heading upwards with speed close to the 1.0890 level and it seems that before the trading session will be over the trading cross will meet up with more high levels.

EUR/USD is building up steam

EUR/USD analysts have recently stated that the most influential event is still the ongoing presidential elections in France where so far by reading most of the polls the winner is going to be Mr. Emmanuel Macron with a solid victory against Marine Le Pen but until the 7th of May many situations can change everyone will be keeping a close eye on the event.

At the same time in the European Union the European Central Bank is announcing a quick conference towards the end of the trading week where the capital status will bring very few little changes.

EUR/USD traders have recently said that there are no solid data releases yet for this trading session hopefully there is some positive data coming in from the salt and pepper index in the meantime the home sales data in the United States will bring some influence

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High = 1.0953

Low = 1.1859

S3 = 1.0792 S2= 1.0833 S1 = 1.0855

R1 = 1.0910 R2 = 1.0946 R3 = 1.0969

EUR/USD important trading levels

For the time being the EUR/USD shared currency pair is going upwards by a positive value of +0.19% and it is trading in the close vicinity of the 1.0887 level and it is relying heavily on the 1.0905 level continuing with the 1.0936 point and lastly ending with the 1.1000 important level.

On the other side of the coin by jumping over the 1.0839 point this will clear the path towards the 1.0819 level followed close up by the 1.0780 point.

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EUR/USD reacted less than expected to the US data today

EUR/USD trading quote

Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.0700 level and it is seems that so far it has only managed to set up some solid support around the 1.0690 point and it looks to many traders that it will continue to consolidate this position.

EUR/USD is keeping a very close eye on the United States figures

EUR/USD analysts have recently concluded that the shared currency pair is more on the defense rather than on the offense and this is due to the weak volume of trading data for this trading session nonetheless the 1.0780 is still far away from reaching in this trading week.

EUR/USD traders are now keeping a very close eye on the European Union where in France the Presidential elections are going on the short run where Marine Le Pen is holding over 20% of the voter polls thus making her a true candidate, the other candidates are also very close to these figures.

EUR/USD traders will be waiting for the PMI data to come out in the European Union for the current month as well as the production figures in the United States.

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High = 1.0776

Low = 1.0709

S3 = 1.0658 S2= 1.0698 S1 = 1.0692

R1 = 1.0733 R2 = 1.0755 R3 = 1.0771

EUR/USD important trading levels

For the time being the EUR/USD shared currency pair is going downwards by a negative value of -0.18% and it is trading in the close vicinity of the 1.0703 level and it is relying heavily on the 1.0688 level followed close up by the 1.0682 point and lastly ending with the 1.0658 level.

On the other side of the medal by jumping over the 1.0780 level this will clear the path towards the 1.0839 level followed close up by the 1.0905 point.

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