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 picking up the trading tone at the beginning of the trading week and there is a lot of steam building up around the European Union single currency and it is going to trade for a while close to 1.1400.
EUR/USD currency trading is receiving influence from Brexit and Italy
I have noticed that the EUR/USD shared currency pair has managed to recover very fast from last weeks’ 1.1300 levels and now it is slowly heading towards the 1.1400 level and with some variations close to 1.1430. Because of this recovery the selling appetite has grown exponentially for the USD.
I also believe that investors will keep close to the Brexit negotiations and this will further increase the bad vibes around the UK government and the GBP will definitely have a lot to suffer in the near future.
Why I think EUR/USD is one of the best currencies to trade right now
At the same time in the European Union in Italy the political scenario is keeping the budget discussions at a standstill because the draft budget is not yet available.
I believe that a significant influence will be coming in for the currency trading from across the ocean in the US where the release of the NAHB index and a commentary held by J.Williams are very important.
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 – 20%
Sell – 80%
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 downwards by a negative value of -0.10% and it is trading in the close proximity of the 1.1425 level followed close up by the 1.1449 level continuing with 1.1502 and lastly ending with 1.1516.
On the other side of the coin I believe that by jumping over the 1.1375 level this will clear the trading path towards the 1.1354 level at first followed close up by the 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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