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 start your journey todya as a professional trader!
Here I will share what I believe about the EUR/USD movement on the trading chart today. I will explain in detail why this is going to happen and how can it be to your advantage.
- The EUR/USD currency pair is once again trading in the vicinity of the 1.1380 level and it is now close to touching 1.1400.
- The US DXY level has lost some speed and it is close to 96.50.
- The release of the US Fed index will be the most important event for today.
According to FxEmpire.com today the EUR/USD currency pair has managed to recover a little on the lost pips on the trading chart and it is now trading close to 1.1390 and it is still receiving influence from the Turkish economic measures and from the US and China trade dispute.
EUR/USD currency pair is highly influenced by the United States data
EUR/USD traders now believe that the European Union does not have any solid data releases that could influence the overall trading process but the trading cross is showing signs of moving close to the 1.1400 level, but even it reaches that point there are no ways of holding that point for long.
One of the most important event for today is happening in the United States where China has sent a special team of negotiators in order to re-kindle the trade discussion in order to end the trade war, because of this event the currency pair is building up a lot of steam and pressure can be seen in almost every movement of the cross.
Other important data releases comes from across the ocean in the US where the Fed manufacturing index will be released along with the Initial Claims data and with the housing figures, hopefully this will influence the trading process in a positive manner.
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 = 1.1399
Lowest level = 1.1315
Volatility level = Expanding Very Fast
Our Trading Predictions
We advise you to:
- Sell 68%
- Buy 32%
S3 = 1.1368 S2= 1.1319 S1 = 1.1328
R1 = 1.1489 R2 = 1.1429 R3 = 1.1487
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EUR/USD significant trading levels
Right now the EUR/USD currency pair is going upwards by a positive value of +0.28% and it is currently trading in the vicinity of the 1.1377 level thus by breaching the 1.1476 level this will clear the path towards the 1.1579 level at first followed close up by the 1.1629 point.
On the other side of the table there are several solid levels beginning with the 1.1301 point continuing with the 1.11188 point and lastly ending with the 1.1118 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!