EUR/USD as low as 1.0560

EUR/USD trading quote

Today the EUR/USD shared currency pair is trading downwards with a huge speed and it has managed to touch the 1.0500 level but sprung back up by a small value close to the 1.0550 level.

EUR/USD analysts have quickly noticed that the European Central Bank is extending its volume and thus create a great friction area for the currency pair to manifest however across the ocean in the United States the newly appointed Donald Trump presidential administration is creating a lot of tremor on the trading chart.

EUR/USD traders feel rather confident that the releases of the consumer numbers for the current month will definitely create a strong movement for the trading cross which will definitely influence the trading sentiment nonetheless at the end of the trading week the FOMC conference is going to set up new guide lines as well as economic measures.

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High = 1.0632

Low = 1.0552

S3 = 1.0244 S2= 1.0418 S1 = 1.0519

R1 = 1.0795 R2 = 1.0974 R3 = 1.1063

EUR/USD important trading levels

Right now by jumping over the 1.0580 level the EUR/USD trading cross will be able to set up camp in the proximity of the 1.0540 level at first followed close up by the 1.0500 point and it is relying heavily on the 1.0630 point and ending with the 1.0680 desired level.

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