Today the EUR/USD is trading close to the 1.0600 is reacting to the 100-DMA data and it will be heading towards the 1.0638 level with great speed.
EUR/USD analysts believe that there are a lot fresh new buyers waiting just around the corner to react and the trading range is now under the lime light this became true mostly because there is a huge lack of data on the trading market and so far it is failing to stay solid.
EUR/USD analysts believe that the most important data release is the United States retail figures and also the CPI data and the USD analysis will be showing a strong impact on the overall trading process.
At the same time there is a lot of steam building up around the United States and the Korean government and this creates a major impact on the European Union single currency as well as on the United States dollar.
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High = 1.0629
Low = 1.0604
S3 = 1.0521 S2= 1.0566 S1 = 1.0587
R1 = 1.0659 R2 = 1.0703 R3 = 1.0728
Today the EUR/USD is going upwards by a positive value of +0.8% and it is trading in the close vicinity of the 1.0650 level followed close up by the 1.0688 point and ending with the 1.0715 point.
On the other side of the coin by jumping over the 1.0610 level this will clear the path towards the 1.0568 point at first followed close up by the 1.0520 point.