Are you searching for a strong currency with potential on the trading chart? Guess what? Now you can make some great Pips on the EUR USD exchange rate and begin your journey as a successful trader!
According to Fxempire.com today the EUR USD shared currency pair is trading in the close vicinity of the 1.1300 level and it is going to react promptly at the release of the 10 year yields in the United States which will definitely have a strong influence on the USD dynamics.
EUR/USD is reacting to risk levels
I have noticed that after last week’s 200-week SMA of the 1.1350 the trading cross has managed to lose some of the initial speed and it is now trading in the proximity of the 1.1300 level and the 1.1290 point.
I have also noticed that the releases of the 10-year reference in the United States opened the trading week on a rather positive tone because it has climbed by +2.15% which in turn ignited a fast selling bias across major global markets.
It is in my belief that the European Union trading calendar is rather empty except for the JOLTS Job Opening in the United States NA session later today.
Still in the EU the European Central Bank is working on building a solid optimism on regarding the actual inflation levels.
Why I think EUR/USD exchange rate is one of the best currencies to trade right now
As for political influences the Italian government has announced its long list of worries regarding the volatility level across the chart as well as the economic discomfort that it is going to influence the European Union fiscal rules.
Today I advise you to use the SELL action as much as possible!
Let us know how you feel about this analysis? Even if you are a novice trader we would still like to know your opinion!
|Forex and Profits presents Today’s Free Forex Signal
A summary of Highs and Lows for the EUR USD
Highest level = 1.1240
Lowest level = 1.1190
Volatility level = Extremely High
Today’s Forex predictions
Here is my EUR USD forecast for tomorrow
Buy – 15%
Sell – 85%
S3 = 1.1255 S2= 1.1231 S1 = 1.1143
R1 = 1.1120 R2 = 1.1185 R3 = 1.1112
EUR/USD significant trading levels
For the time being the EUR USD shared currency pair is going upwards by a positive value of +0.26% and it is trading in the close vicinity of the 1.1302 level and it is relying heavily on the 1.1272 level followed close up by 1.1215 and lastly ending with 1.1200.
On the other side of the coin by jumping over the 1.1347 level this will definitely clear the trading path towards the 1.1367 point followed close up by 1.1448.
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