Today the EUR/USD shared currency pair is trading close to the low level of 1.0570 and at the bottom of this stands the recent data release in the United States especially the GDP data which has had a negative impact on the overall trading process.
EUR/USD analysts have managed to clear out the mist today around the US data releases especially the GDP which has shown that the overall trading sentiment should go up by a positive value of +3.3% therefore jumping past most expectations which have been close to the +3.0% increase in volume at the same time there are some positive vibes coming in from the releases of the consumer data which has already been predicted to go as high as 1.8% initial value and +1.4% secondary values.
EUR/USD traders feel rather confident on the shared currency pair and are looking towards the Mr. Dudley and Mr. Powell speech.
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High = 1.0637
Low = 1.0554
S3 = 1.0561 S2= 1.0576 S1 = 1.0592
R1 = 1.0622 R2 = 1.0642 R3 = 1.0658
For the time being the EUR/USD shared currency pair is going downwards by a negative value of -0.34% and it is trading in the close vicinity of the 1.0575 level and it is relying heavily on the 1.0515 level continuing with the 1.0457 level and lastly ending with the 1.0332 point.
On the other side of the medal there are several strong points beginning with the 1.0685 level followed close up by the 1.0764 level at first followed close up by the desired level of 1.0826