Today the EUR/USD shared currency pair is currently trading upwards with a solid velocity.
EUR/USD analysts now believe that the EUR single currency is surrounded by many bullish figures and it it seems that everyone is keeping a close eye on the ongoing presidential elections in France where candidates Macron and Le Pen are going neck on neck to win the presidential chair.
EUR/USD traders have quickly noticed that the trading cross has managed to reach very fast the 1.0780 level but with different data from France and Germany the trading cross lost most of its trading speed and started going downwards.
In the meantime across the ocean in the United States the Fed manufacturing data is just around the corner traders will be also waiting of the unemployment figures to improve the overall trading process.
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High = 1.0776
Low = 1.0709
S3 = 1.0658 S2= 1.0698 S1 = 1.0692
R1 = 1.0733 R2 = 1.0755 R3 = 1.0771
For the time being the EUR/USD shared currency pair is going upwards by a positive value of +0.49% and it is trading in the proximity of the 1.0750 level and it is relying heavily on the 1.0776 level followed close up by the 1.0800 point and lastly ending with the 1.0827 point.
On the other side of the coin by breaching the 1.0710 level this will clear the trading path towards the 1.0665 level at first followed close up by the 1.0600 point.