Are you searching for a strong currency which is racing upwards on the trading chart? Guess what? Now you can make some great Pips on the EUR USD currency pair and begin your journey as a successful trader!
Here I will share what I believe about the EUR/USD movement on the trading chart today. I will explain in details why this is going to happen and how can it be in your advantage.
- The EUR/USD currency pair is trading low close to the 1.1550 level.
- The US DXY index is now close to 95.40.
- There are still problems with the US and China trade deal which is now more active.
According to FxEmpire.com today the EUR/USD currency pair is trading on the lower side of the trading chart just as the European Union session began the 1.1550 level became quickly a reality and there are several variations pointing out to the 1.1520 decline.
EUR/USD currency pair influenced by the USD movement
Today I believe that the EUR/USD shared currency pair is trading without hesitation when it comes to losses and so far this is the forth weak session so far. At the beginning of the week there is still a lot of pressure building up between China and the US in striking a trade deal.
This came in as no surprise after the US President Donald Trump has issued ill commentaries about the extra trade tariffs since Friday. In return this announcement has managed to increase the risk sentiment and once again the US President is attacking his own national currency.
Despite the weak data coming in from President Trump there is still some good news on news table because the US Payrolls data came out into the open and it seems that the economy has created an extra 200K therefore further lowering the inflation numbers.
At the same time across the ocean I believe that the releases of the Sentix index will definitely improve the overall trading process.
Today I advise you to use the SELL action as much as possible!
Let us know how you feel about the fact that the US is directly having a negative effect on the international political tensions? Why are there so many problems with the US-China trade deal? Let us know how you feel about this? Even if you are a novice trader we would still like to know your opinion!
A summary of Highs and Lows for the EUR/USD
Highest level = 1.1611
Lowest level = 1.1529
Volatility level = Very High
Today’s Forex forecast – We advise you to:
- Sell 78%
- Buy 22%
S3 = 1.1532 S2= 1.1551 S1 = 1.1673
R1 = 1.1517 R2 = 1.1544 R3 = 1.1562
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EUR/USD significant trading levels
For now the EUR/USD currency pair is going downwards by a negative value of -0.41% and it is trading in the close vicinity of the 1.1549 level also I believe that by jumping over the 1.1508 level this will clear the trading path towards the 1.1449 level followed close after by the 1.1299 point.
On the other side of the medal there are several solid levels beginning with the 1.1659 point continuing with the 1.1734 level and lastly ending with the 1.1745 point.
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