Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.0660 level and it is showing some strong signs of setting up camp in the area.
EUR/USD analysts believe that the 1.0600 level will become a strong solid level offering plenty of support and it will not go under 1.0580 and it is receiving plenty of influence from the United States Fed end of the year conference as well from the movement of the USD hopefully in this area of expertise there are plenty of strong releases.
EUR/USD traders feel very confident that the release of the EMU data as well as the new Prices figures will offer a helping hand at the same time across the ocean the United States labor data will indicate a strong increase.
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High = 1.0692
Low = 1.0637
S3 = 1.0528 S2= 1.0558 S1 = 1.0609
R1 = 1.0689 R2 = 1.0719 R3 = 1.0769
For the time being the EUR/USD shared currency pair is trading upwards by a small yet positive value of +0.2% and it is trading close to the 1.0664 level therefore by breaching the 1.0690 level this will clear the trading path towards the 1.0700 level at first followed close up by the 1.0820 level.
On the other side of the medal there are several strong points beginning with the 1.0515 continuing with the 1.0459 level at first and ending with the 1.0332 desired point.