Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.1055 level but it seems that the trading cross is receiving a lot of influence from the UK departure as well as from the European Union Decision Summit.
Analysts believe that the EUR/USD shared currency pair will continue to receive a lot of influence from the Brexit problem and the European Central Bank is deploying a lot off efforts to shake off some of the huge losses this will come even harder as the data release calendar is very slim.
At the same time across the ocean the EUR/USD currency pair will receive some influence from the G.D.P. data releases.
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High = 1.1123
Low = 1.0905
S3 = 1.0942 S2= 1.0976 S1 = 1.1008
R1 = 1.1074 R2 = 1.1109 R3 = 1.1138
For the time being the EUR/USD “fiber” currency pair is going upwards by a small value of 0+0.19% and it is trading in the proximity of the 1.1056 level but it will be unable to jump over the 1.1080 trading spot and it will have to reach the 1.1083 level in order to push on.
On the other side of the medal only by jumping over the 1.1102 this will clear the path towards the 1.0970 level followed close up by the 1.0913 point.