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 going downwards close to the 1.1400 level losing all the extra pips earned today which have been close to 1.1440 and at the bottom of this stands the recent US data releases.
EUR/USD currency trading has jumped after the US data release
EUR/USD shared currency pair is keeping the buying interest high and so far it is unchanged and I believe that at the bottom of this stands the recent sparks in the Italian political and along with this the EU is going to announce a new set of sanctions for the draft budget problems and this will have a serious effect on the currency trading.
At the same time I have noticed that the US Fed is going to bring new economical policy updates this is going to come in after VP R.Clarida will hold a statement.
Why I think EUR/USD is one of the best currencies to trade right now
As for data release I have noticed positive vibes coming in from the United States Durable Goods Orders as well as from the Initial Claims figures.
In the meantime still across the ocean in the US the upcoming release of the Home Sales figures will be generating a lot of traction on the trading chart and on top of this the U-Mich index has been predicted to offer positive vibes.
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 1.3150 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 = 1.1425
Lowest level = 1.1379
Volatility level = Very High
Today’s Forex predictions
Here is my EUR/USD forecast for tomorrow
Buy – 25%
Sell – 75%
S3 = 1.1322 S2= 1.1331 S1 = 1.1283
R1 = 1.1410 R2 = 1.1445 R3 = 1.1432
EUR/USD significant trading levels
For the time being the EUR/USD shared currency pair is going upwards by a positive value of +0.29% and it is trading in the close vicinity of the 1.1403 point and it is going to rely heavily on the 1.1502 point followed close up by the 1.1509 point and lastly ending with the 1.1556 point.
On the other side of the coin I believe that by jumping over the 1.1359 level this will definitely clear the trading path towards the 1.1348 level followed close up by the 1.1214 level.
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