EUR/USD currency trading is receiving influence from Brexit

"

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

  • The EUR/USD currency trade has taken a small beating and it is testing the 1.1360 level.
  • The US DXY index has posted 96.70.
  • Brexit news is greatly enhancing all the risk levels.

According to FxEmpire.com today the EUR/USD currency trading is under the influence of a significant selling action and the US DXY index is offering a lot of help in this direction and in no time we are going to see the trading cross close to 1.1300.

EUR/USD currency trading reacts to Brexit news headlines

I have noticed that at the beginning of the month the trading currency is at its third consecutive daily low and even though there is some buying interest surrounding the currency pair the cross will continue to levitate around the 1.1360 area.

There are several headlines around Brexit which has created a high risk sentiment across the chart which will eventually lead the cross towards the 1.1300 point with a few variations towards 1.1350 point.

In the meantime in the UK Mr. Raab has declared that a Brexit is probable to become real close to the 21st of November and Theresa May has made several improvements on the financial services with the European Union which will have a significant impact on the overall currency trading.

Why I think EUR/USD is one of the best currencies to trade right now

I believe that the recent activity of the Bank of England is going to be very vague in the near future. At the same time across the ocean in the United States the release of the ISM data will offer a huge value of influence. The main event of this trading session is going to be the release of the US labor data which I have noticed that it is going to be on the positive side of the trading chart.

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 = 1.1381

Lowest level = 1.1308

Volatility level = Very High

Sell is the main action for EUR/USD currency trading

Today’s Forex predictions

Here is my EUR/USD forecast for tomorrow

Buy 36 %

Sell 64 %

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 currency pair is going upwards by a very small value of +0.2% and it is currently trading close to 1.1357 and it is going to rely heavily on the 1.1401 point followed close up by 1.1467 and lastly ending with 1.1550.

On the other side of the table I believe that by jumping over 1.1302 this will clear the trading path towards 1.1299 followed close up by 1.1118.

We value your opinion very much so please let us know how you feel about our predictions? Follow us and become a better trader!

Are you in need of a good forex broker?

Are you in need of a good Forex broker? Do you need investment advice? We have all the solutions to all your problems! Our professionals recommend you open an account with these brokers: AAAfx or Zulutrade. Both are amazing in customer care service and offer a robust and productive trading experience. Increase your capital today!

Live market charts

eur usd, currency trading, currency pair, 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.

Are you looking for the best trading charts?

TradingView offers an advanced charting and analysis platform with hundreds of drawings and indicators. You can compare stocks, predict where the price will go and publish ideas.

 

"