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 facing a new upbeat trading tone around the EUR single currency and it is now trading close to 1.1430 and it is already showing signs of moving close to 1.1460.
EUR/USD currency trading is reacting to Brexit negotiations
I have noticed that the EUR/USD shared currency pair is trading in the proximity of the 1.1430 level and it is already showing strong signs of moving upwards close to the 1.1460 level towards the end of the trading session.
I also believe that the USD will continue to build a lot of steam on account of the never ending trading negotiations between China and the United States just as the G20 meeting is just around the corner, it is there where US President Trump and Chinese President Xi Jinping are expected to meet and discuss.
Why I think EUR/USD is one of the best currencies to trade right now
I believe that all trading eyes will continue to stay fixed on the Brexit negotiations and investors hope that Theresa May will offer more details on the ongoing negotiations between the EU and UK.
Still in the European Union the release of the Producer Prices in Germany have managed to go upwards by a positive value of +0.3% on a monthly basis and by +3.3% on a yearly pace.
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 = 1.1455
Lowest level = 1.1429
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 currency trading is going upwards by a positive value of +0.04% and it is trading in the vicinity of the 1.1463 point and it is relying on the 1.1502 level followed close up by the 1.1515 point and lastly ending with the 1.1559 point.
On the other side of the coin I believe that by jumping over the 1.1377 level this will clear the trading path towards the 1.1361 level followed close up 1.1214 point.
We value your opinion very much so please let us know how you feel about our predictions? Follow us and become a better trader!
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