EUR/USD slows down to 1.3615 level

 

Starting quote

 

For now at least the EUR/USD shared currency pair is bouncing on new trading levels in this trading session going high and low on a constant basis from 1.3635 and 1.3610 levels back and forth.

 

EUR/USD sets up camp close to the 1.3600 level

 

 

Many analysts believe that the European Union single currency is deploying a lot of effort in cementing its trading position which is in the proximity of the 1.3600 level this event came in rather nice as most investors are waiting for the United States trading data for today most important aspect here is Mr. Lacker conference. This conference will surely have the effect of hanging the EUR/USD shared currency pair in the proximity of the 1.3600 trading level as the United States economy gathers strength and inflation does the same thing.

 


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High = 1.3643chart431

 

Low = 1.3612

 

 

S3 = 1.3547 S2 = 1. 3581 S1 = 1.3616

 

R1 = 1.3668 R2 = 1.3702 R3 = 1.3736

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EUR/USD important levels

 

For the time being the EUR/USD shared currency pair is up by a small yet positive value of +0.09% ????in the close vicinity of the 1.3618 level and by breaching the 1.3583 level this will definitely clear the way towards the 1.3574 level continuing its path towards the 1.3565 level.

 

On the other side of the medal there are plenty of strong resistance points starting with the 1.3651 level continuing with the 1.3669 level and ending with the 1.3672 point.

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