Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.0710 level and it is already showing strong signs of moving upwards in the close to the 1.0730 zone in the middle of the trading week.
EUR/USD analysts have quickly identified that the 1.0700 trading level is very hard to penetrate and the trading cross will continue to stay above the 1.0710 level and to many specialist it is more than clear that the shared currency pair will try on numerous attempts to reach the 1.0800 level nonetheless plenty of strong influence is coming in from the European Central Bank conference.
EUR/USD traders feel very confident in saying that the European single currency will continue to stay under a lot of steam and with the announcement of the mortgage data in the United States which went up by a positive value of +0.4% positive vibes are already starting to appear.
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High = 1.0771
Low = 1.0729
S3 = 1.0598 S2= 1.0649 S1 = 1.0685
R1 = 1.0774 R2 = 1.0824 R3 = 1.0861
For the time being the EUR/USD shared currency pair is trading upwards by a positive value of +0.11% and it is trading close to the 1.0735 level therefore only by jumping over the 1.0798 level this will clear the path towards the 1.0815 level at first followed close up by the 1.0848 point.
On the other side of the coin there are several strong points beginning with the 1.0503 level followed close up by the 1.0458 level and lastly ending with the 1.0332 level.