Today the EUR/USD shared currency pair is slowing going in a downwards route under the 1.1930 level and it is highly possible that the shared currency pair will go even lower under the 1.1920 point.
EUR/USD analysts now believe that the shared currency pair is trading on the weaker side of the trading chart due to the release of the weak trading data in the United States therefore this is having a negative effect on the overall trading process.
In the meantime the US DXY Index is keeping its nose close to the low level of 92.00 and it has barely managed to leave behind the 91.00 value and on top of this there are some very strong influences coming on from the ongoing US politics as well as from the idea that in the near future the US Fed will bring some new policy updates.
EUR/USD traders feel rather confident that the European Union data release will bring a brighter tone to the overall trading process especially now that everyone is waiting for the ECB Constancio to finish his speech on the monetary situation.
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High = 1.1980
Low = 1.1910
S3 = 1.1752 S2= 1.1782 S1 = 1.1752
R1 = 1.1930 R2 = 1.1954 R3 = 1.1212
For the time being the EUR/USD shared currency pair is going downwards by a negative value of -0.15% and it is trading close to the 1.1936 level therefore by breaching the 1.1875 level this will clear the trading path towards the 1.1824 level at first followed close up by the 1.1798 level.
On the other side of the coin there are several solid levels beginning with the 1.2069 level followed close up by the 1.2093 point and lastly ending with the 1.2167 point.