Today the EUR/USD shared currency pair is trading firmly and to certain extent very steady in the proximity of the 1.0600 level with very few variations.
EUR/USD analysts now believe that the shared currency pair is trading somewhat very far away from the previous high levels which were all around the 1.0680 level and at the bottom of this stands the recent weak United States trading data nonetheless the USD single currency is on a fast lane recovery movement.
At the same time across the ocean in the European Union there is a lot of influence coming in from the Presidential election in France which so far has managed to inhibit the buying action of the European Union single currency.
EUR/USD traders continue to believe that the 1.0600 trading zone will continue to be until the beginning of the next trading week and up to this point everyone will be waiting for the 200-day SMA to bring some positive news.
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High = 1.0675
Low = 1.0610
S3 = 1.0523 S2= 1.0556 S1 = 1.0612
R1 = 1.0699 R2 = 1.0731 R3 = 1.0786
Right now the EUR/USD currency pair is going downwards by a negative value of -0.34% and it is trading in the close vicinity of the 1.0629 slight above the opening level on the trading session.
On the other side of the coin the EUR/USD trading is relying heavily on the 1.0698 point continuing with the 1.0732 level and lastly ending with the 1.0799 point.