Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.0620 level and it is showing some very strong signs of moving even upwards close to the 1.0650 point.
EUR/USD analysts have quickly noticed that since the trading session began the trading cross quickly jumped close to the 1.0670 level and shortly after it has lost most of its speed and came down to the 1.0640 level and the 1.0650 afterwards and at the bottom of this sudden shift in consistency stands the most recent United States data especially the discussions revolving around the US Treasury at first and secondly the DXY Index which is now camping close to the 100.00 solid value.
EUR/USD analysts believe that the shared currency pair is now receiving any influence from the European Union except for the ongoing presidential elections in France.
Later in the trading session EUR/USD traders are silently waiting for the housing data to come out into the open as well as the Industrial Production figures for the previous month which both have been predicted to offer some influence to the overall trading process.
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High = 1.0665
Low = 1.0617
S3 = 1.0587 S2= 1.0592 S1 = 1.0604
R1 = 1.0619 R2 = 1.0628 R3 = 1.0634
For the time being the EUR/USD shared currency pair is going upwards by a small yet positive value of +0.3% and it is trading close to the 1.0649 level and it is relying on the 1.0659 level at first followed close up by the 1.0674 point and ending with the 1.0689 point.
On the other side of the coin by jumping over the 1.0568 level this will clear the trading path towards the 1.0524 level followed closely by the 1.0494 point.