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 trading 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.
|Factors that might affect this pair today
According to FxEmpire.com today the EUR/USD shared currency pair is trading in the lower part of the trading chart in the close vicinity of the 1.1290 level and it seems that it is going to fall under this point when US data come out into the open.
EUR/USD currency trading is receiving direct influence from the US data
I believe that the EUR/USD currency trading process will continue to stay under a lot of pressure for the time being and it will be trading for a while longer in the close vicinity of the 1.1290 level with very few variations towards the 1.1300 point
I have also noticed that the US DXY index has posted a value which is close to 97.40 and some rays of sunshine have started to appear in the US-10 year yields. Most important it seems that the US-China trade disputes are coming to an end.
Why I think EUR/USD is one of the best currencies to trade right now
On top of this across the ocean the release of the Consumer Confidence has posted a value of 135.7 for this current month which is in accordance with some predictions not exactly on the spot but still in great shape.
Today I advise you to use the SELL action as much as possible!
Let us know how you feel about the fact that the Brexit negotiations have managed to influence the whole trading process in the European Union? Will the currency pair jump over the 1.1280 level? Let us know how you feel about this? 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 = 1.1386
Lowest level = 1.1322
Volatility level = Very High
Today’s Forex predictions
Here is my EUR/USD forecast for tomorrow
Buy – 10%
Sell – 90%
S3 = 1.1295 S2= 1.1341 S1 = 1.1393
R1 = 1.1340 R2 = 1.1385 R3 = 1.1412
EUR/USD significant trading levels
For the time being the EUR/USD currency trading is going downwards by a negative value of -0.18% and it is trading is in the proximity of the 1.1306 level and I believe that by breaching the 1.1291 level this will definitely clear the trading path towards the 1.1214 level at first followed close up by 1.1188.
On the other side of the coin I have noticed that there are several solid levels starting with 1.1362 continuing with 1.1434 and lastly ending with 1.1473.
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