Today the EUR/USD shared currency pair is trading around the 1.1900 level with very few variations across the trading chart most because of the United States Labor Day holiday.
EUR/USD analysts now believe that the shared currency pair is going to trading in the close vicinity of the 1.1920 level for a few moments but it is more than clear that it is going to head downwards and set up camp close to the 1.1900 level and a lot of influence is coming in from the North Korea missile testing therefore the trading cross is surely going to react to these ongoing tensions and hold the line close to the 1.1910 point.
EUR/USD traders feel confident that the US DXY Index will increase the volatility of the trading cross and with the release of the Sentix figures will the shared currency pair gain speed across the trading chart.
In the meantime the release of the EMU producer data has shown an increase of +2.3% on a monthly basis.
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High = 1.1920
Low = 1.1870
S3 = 1.1752 S2= 1.1782 S1 = 1.1752
R1 = 1.1930 R2 = 1.1954 R3 = 1.1212
Right now the EUR/USD shared currency pair is going upwards by a small positive value of +0.32% and it is trading in the close vicinity of the 1.1904 level therefore by breaching the 1.1923 level this will surely clear the trading path towards the 1.1982 level followed close up by the 1.2069 point.
On the other side of the medal there are several strong points beginning with the 1.1825 level continuing with the 1.1774 point and lastly ending with the 1.1721 level.