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 has finally managed to leave behind the 1.1340 level and it is now moving with speed towards the 1.1350 trading level and so far it has received a lot of positive influence from the release of the GDP data in the United States.
EUR/USD currency trading will be influenced by the US data
Right now I believe that the EUR/USD currency pair will continue to dwell for a while in negative territory but positive vibes are coming in as the trading cross is already showing significant signs of moving upwards towards the 1.1350 level and it has also managed to leave behind for a while at least the 1.1340 low level.
Why I think EUR/USD is one of the best currencies to trade right now
In the European Union I believe that the EUR single currency will eventually find the strength necessary to and ignore the US GDP data released earlier in the United States which so far has managed to land above most expectations close to +3,5% and this will definitely have a huge impact on the EUR/USD currency trading.
At the same time across the ocean in the United States I believe that all traders are waiting for the release of the consumer sentiment monitored by the U-Mich..
Live market charts
We want Forex to be all about profitable trading! Forex and Profits makes sure you have the latest live market charts available every day. I am using the ADX indicator as well as Bollinger bands with Moving Average and Stochastic Oscillator for the this currency pair. Only open new trades when all these indicators show a clear trend.
The chart is showing directions of today’s recommended currency pair. The chart for today shows it is in a clear bearish trend for the last few hours. Personally, I am using the ADX indicator to find good entry points on a 15 minute timeframe.
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Today I advise you to use the SELL action as much as possible!
Let us know how you feel about the fact that the EU Italian data has managed to influence the whole trading process in the European Union? Will the currency pair jump over the 1.1550 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 = 1.1384
Lowest level = 1.1336
Volatility level = Very High
Today’s Forex predictions
Here is my EUR/USD forecast for tomorrow
Buy 40 %
Sell 60 %
S3 = 1.1412 S2= 1.1421 S1 = 1.1383
R1 = 1.1510 R2 = 1.1554 R3 = 1.1542
EUR/USD significant trading levels
For the time being the EUR/USD shared currency pair is going downwards by negative value of -0.18% and it is currently trading in the proximity of 1.1353 and I believe that by jumping over 1.1336 this will clear the path towards 1.1319 followed close up by 1.1299.
On the other side of the table I believe that there are several solid points starting with 1.1470 continuing with 1.1505 and lastly ending with 1.1550.
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