EUR/USD trading speed has astonished everyone today as the shared currency pair is now trading in the close vicinity of the 1.0840 level and it is already climbing and camping close to the 1.0850 level all of this is now a reality mostly because of the European Central Bank interest rate announcement.
EUR/USD analysts have recently announced that the ECB is bringing few modifications to its monetary policies and at the same time the interest rates will stay solid as ice for now at least because the quarterly agenda is on tap and everyone is waiting for news from that area to arrive.
EUR/USD traders feel very confident that the shared currency pair will receiving plenty of influence from the release of the employment figures as well as from the inflation data.
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High = 1.0872
Low = 1.0608
S3 = 1.0667 S2= 1.0689 S1 = 1.0726
R1 = 1.0786 R2 = 1.0809 R3 = 1.0847
For the time being the EUR/USD shared currency pair is trading upwards by a huge positive value of +0.93% and it is in the proximity of the 1.0854 level therefore by breaching the 1.0907 level this will clear the path towards the 1.0919 level at first .
On the other side of the medal there are several strong points beginning with the 1.0697 level continuing with the 1.0669 point and lastly ending with the 1.0503 level.