Today the EUR/USD shared currency pair is trading in the proximity of the 1.0610 level and it is showing strong signs of moving upwards close to the 1.0630 level.
EUR/USD analysts now believe that the 1.0640 level trading point has managed to come far away from the low level of 1.0570 which has successfully managed to leave behind and at the same the the 1.0610 level has been established as a solid support level.
EUR/USD traders now feel confident that the CPI data releases will bring a softer tone to the overall trading process as well as for the European Union.
At the same time across the ocean the release of the ADP data is showing a significant decrease in unemployment levels also the FOMC meeting presided by Powell will be offering another vision for the trading process.
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High = 1.0639
Low = 1.0552
S3 = 1.0566 S2= 1.0573 S1 = 1.0591
R1 = 1.0621 R2 = 1.0643 R3 = 1.0659
For the time being the EUR/USD shared currency pair is trading upwards by a positive value of +0.26% and it is trading in the close vicinity of the 1.0625 level followed close up by the 1.0515 and 1.0457 point and finally ending with the 1.0332 lows.
On the other side of the medal by breaching the 1.0685 level this will open the door towards the 1.0700 level at first followed close up by the 1.0820 point.