Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.0710 level just as the United States dollar is gaining speed.
EUR/USD analysts have recently noticed that the most recent release of the inflation data did not produce any movement and at the same time the European Union consumer prices indicate that on a year to year basis the volume has managed to go upwards by a positive value of +1.8% therefore landing close to most expectations.
EUR/USD traders consider that on a month to month basis the CPI figures are going upwards by a positive value of +0.9% and it is looking very promising in the near future also the EMU is gaining speed on the trading chart.
Today the EUR/USD shared currency pair is also receiving a lot of influence from the oil figures which will be seen later on in the US trading session.
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High = 1.0738
Low = 1.0706
S3 = 1.0568 S2= 1.0603 S1 = 1.0667
R1 = 1.0768 R2 = 1.0802 R3 = 1.0869
For the time being the EUR/USD shared currency pair is going upwards by a positive value of +0.18% and it is trading directly close to the 1.0712 level therefore by jumping over the 1.0689 level this will clear the trading path towards the 1.0660 level at first followed close up by the 1.0635 point.
On the other side of the medal there are several strong points beginning with the 1.0738 level followed close up by the 1.0845 level and lastly ending with the 1.0910 point.