Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.1090 and this is mostly because of the recent data releases in the United States which will gradually lift the trading cross towards the 1.1100 important point
Analysts now believe that the EUR/USD shared currency pair will be surrounded by a strong risk sentiment as well as the presence of many boiling points will be felt today due to the United Kingdom departure .
Traders strongly believe that the EUR/USD currency pair will continue to receive favorable influence from the US data releases and to begin with the Saving estimates which have gone up by a positive value of +0.2% on a month to month basis at the same time the P.C.E. figures rose by +0.3%.
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High = 1.1132
Low = 1.1049
S3 = 1.0911 S2= 1.0962 S1 = 1.1015
R1 = 1.1116 R2 = 1.1167 R3 = 1.1218
For the time being the EUR/USD is finally breathing some fresh air thus going upwards by a positive value of +0.38% and it is trading in the vicinity of the 1.1108 level and only by breaching the 1.1129 level this will clear the path towards the 1.1233 point at first followed close up by the 1.1250 level.
Right now the EUR/USD shared currency pair is relying heavily on the 1.0915 level continuing with the 1.0820 level and ending with the 1.0709 point.