EUR/USD found the C.P.I. data very good

 

 

Starting quote

 

The EUR/USD shared currency made a few steps up the trading ladder today as the initial trading figures came in very healthy for the trading cross starting with the European Union consumer data landed according to most predictions.

 

The European Central Bank offers a helping hand today to the EUR/USD

 

For the time being the European Central Bank managed to touch a new aimed value of +2.0% and the EUR/USD found this figures as a breath of fresh air as investors are sliding in.

Tomorrow analysts have announced that the European Central Bank????will have a new monetary policy conference, at the same time across the ocean the United States prepares for the release of the non-farm data this will surely give some thrust for the EUR/USD.

 


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High = 1.3665chart433

 

Low = 1.3641

 

 

S3 = 1.3561 S2 = 1. 3595 S1 = 1.3630

 

R1 = 1.3673 R2 = 1.3708 R3 = 1.3741

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EUR/USD important levels

For the time being the EUR/USD shared currency pair is trading in the close vicinity of the 1.3655 level going upwards by a small yet positive value of +0.08% and has managed to identify plenty of strong resistance points starting with the 1.3659 level followed close up by the 1.3669 point and ending with the 1.3676 level.

 

On the other side of the coin there are plenty of solid support points starting with the 1.3575 level followed close up by the 1.3563 level and ending with the desired 1.3540 level.

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