Today the EUR/USD shared currency pair is trading downwards and it has managed to settle up camp close to the 1.1820 trading zone.
EUR/USD analysts now believe that the shared currency pair is receiving a lot of positive influence from the United States data releases and at the same time the trading cross will be keeping the upbeat tone high and solid around the 1.1840 level with some extensions towards the 1.1870 level.
EUR/USD traders now feel confident that the most important data releases will be coming in from the United States figures, the US inflation numbers as well as the CPI data nonetheless the most important source of influence for the trading process will also be coming in from the United States where the Fed is going to hold a conference on the evolution of the inflation levels.
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High = 1.1850
Low = 1.1780
S3 = 1.1709 S2= 1.1727 S1 = 1.1761
R1 = 1.1914 R2 = 1.1941 R3 = 1.1972
For the time being the EUR/USD shared currency pair is going downwards by a negative value of -0.6% level and it is trading in the close vicinity of the 1.1822 level therefore by breaching the 1.1779 level this will clear the trading path towards the 1.1686 level followed close up by the 1.1662 level.
On the other side of the medal there are several solid points starting with the 1.1912 point continuing with the 1.2034 point and lastly ending with the 1.2094 level.