Today the EUR/USD shared currency pair is trading in the close vicinity of the 1.2080 level and it is already establishing a new high record for this current trading year.
EUR/USD analysts now believe that the shared currency pair is trading constantly in an upwards direction and the European Central Bank seems to be having a lot of influence on this movement.
EUR/USD traders and analysts are keeping a close eye on the US DXY Index which has recently posted a value close to 91.00 with very few variations.
In the mean time the shared currency pair will be receiving plenty of solid influence from the ongoing discussion within the United States politics as well as from the United States Federal Reserve, not to mention that the geopolitical tensions are weighing heavily on the trading cross.
At the same time in the European Union there are no solid data releases but instead across the ocean there are several events such as the Fed P.Harker speech.
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High = 1.2080
Low = 1.1940
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 positive value of + 0.49% and it is trading in the close vicinity of the 1.2078 level therefore by jumping over the 1.2092 level this will clear the path towards the 1.2100 at first followed close up by the 1.2167 point.
On the other side of the medal there are several solid point beginning with the 1.1945 level continuing with the 1.1864 level and lastly ending with the 1.1824 level.