Today the EUR/USD shared currency pair is trading in the close vicinity of the low levels of 1.1730 zone just as the trading week began.
EUR/USD analysts have managed to identify that at the bottom of this movement stands the release of the United States 10 year reference which has landed close to the 2.40% value therefore creating a bigger gap between the German figures and on top of this the United States Senate has cleared the fog around the federal budget and investors are still waiting for more details on the Trump tax reform.
At the same time in the European Union the European Central Bank is having a meeting on the quarterly evaluation of the European single currency and everyone will be expecting the release of the CFTC report later.
EUR/USD traders are now patiently waiting for the release of the PMI data as well as for the Fed index for the previous month
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High = 1.1750
Low = 1.1710
S3 = 1.1719 S2= 1.1737 S1 = 1.1781
R1 = 1.1904 R2 = 1.1921 R3 = 1.1962
For the time being the EUR/USD shared currency pair is going downwards by a negative value of -0.39% and it is trading in the close vicinity of the 1.1739 level and it is relying heavily on the 1.1730 level followed close up by the 1.1686 level and lastly ending with the 1.1663 point.
On the other side of the coin by jumping past the 1.1858 level this will clear the trading path towards the 1.1882 level at first followed close after the 1.1912 point.