Today the EUR/USD shared currency pair is now shadowing the 1.1800 level and it seems very clear the 1.1780 will become the next pivot point in the current trading week.
EUR/|USD analysts now believe that the shared currency pair will be reacting to the release of the CPI data in the United States for the previous month of September.
At the same time the release of the United States 10 years reference has already to prove that the low level will jump over the value of +2.40% and on top of this the NY index has managed to take investors by surprise with its new values.
EUR/USD traders are also keeping a close eye on the UK departure scandals which will continue to affect the GBP thus further affecting the flow of the EUR/GBP currency pair.
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High = 1.1810
Low = 1.1720
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 -0.12% and it is trading in the close vicinity of the 1.1806 level and it will be relying heavily on the 1.1781 level continuing with the 1.1686 level and lastly ending with the 1.1662 point.
On the other side of the coin by jumping over the 1.1843 barrier this will clear the trading path towards the 1.1911 level at first followed close up by the 1.2033 level.