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 currency pair has managed to jump past the daily low levels and it is now trading close to the 1.1400 level.
- The US DXY Index is still losing ground around the 96.20 value.
- As the trade war continues between US and China everyone is looking towards Italy today.
According to FxEmpire.com today the EUR/USD currency pair is trading in the close vicinity of the 1.1400 level where it seems that is has manage to find some solid ground and it is looking towards the trade dispute between the US and China for more clues as to how the trading cross will behave.
EUR/USD currency pair is waiting for the USD to pick up the pace
EUR/USD traders have recently noticed that there is a lot of steam building up on the trading chart mostly because of the European single currency failing to react to some significant data releases, most important the trading cross will continue to stay above the 1.1400 trading point. The currency pair will continue to stay in a defensive stance until the selling pressure wears off and then the trading cross will have to jump upwards towards the 1.1450 trading zone.
At the same time across the ocean in the United States the trade dispute with China is becoming to bore all market participants because everything is stalling and no one moves an inch, hopefully the Chinese Vice-Minister will shed some light into this.
EUR/USD analysts believe that the releases of the EM FX data will continue to stay weak for Turkey, stays fragile and the EUR is receiving solid influence from the European Central Bank’s quarterly agenda which is trying to shield Italy from all forms of speculators.
Let us know how you feel about the fact that the US is directly having a negative effect on the Turkish market? How will Turkish President Erdogan respond to this threat from the United States? Let us know how you feel about this? Even if you are a novice trader we would still like to know your opinion!
Highest level = 1.1443
Lowest level = 1.1386
Volatility level = Expanding
Our Trading Predictions
We advise you to:
- Sell 65%
- Buy 35%
S3 = 1.1318 S2= 1.1339 S1 = 1.1368
R1 = 1.1411 R2 = 1.1429 R3 = 1.1457
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EUR/USD significant trading levels
For the time being the EUR/USD currency pair is going downwards by a negative value of -0.19% and it is trading in the close vicinity of the 1.1418 level and by jumping past the 1.1299 level this will clear the trading path towards the 1.1188 point at first and ending with the 1.1119 level.
On the other side of the coin there are several solid levels beginning with the 1.1447 point continuing with the 1.1508 level and lastly ending with the 1.1556 level.
We value your opinion very much so please let us know how you feel about our predictions? Follow us and become a better trader!