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 deploying a lot of effort in jumping over the 1.1400 level and so far it has shown a huge absence in volatility in all major global markets and at the bottom of this stands the Thanksgiving Day holiday in the United States.
EUR/USD currency trading did not react to any ECB news
I have noticed that the currency trading did not receive any influence from the European Central Bank data which so far has been rather absent in data releases, but I am very confident about the fact that the trading spot will keep the 1.1400 level live for a while longer.
So far the European Central Bank has been very careful about all the ongoing monetary policy updates and it has also noted that the there are a lot of growing risks which will put in danger the already delicate balance of the market.
I have noticed that the ECB has acknowledged the appearance of several tensions in the financial markets and it will take some time before they begin to deflate, also there are several senior members who believe that the risks are still growing and will definitely add weight on the downside of the currency trading process.
Why I think EUR/USD is one of the best currencies to trade right now
I have noticed that in the European Union there is a lot of influence coming in from the ongoing Brexit negotiations which already have been predicted to offer even more influence in the near future and drive the global currency pairs in the risk-associated trading areas.
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 = 1.1436
Lowest level = 1.1392
Volatility level = Extremely High
Today’s Forex predictions
Here is my EUR/USD forecast for tomorrow
Buy – 30%
Sell – 70%
S3 = 1.1295 S2= 1.1341 S1 = 1.1393
R1 = 1.1340 R2 = 1.1385 R3 = 1.1412
EUR/USD significant trading levels
For the time being the EUR/USD shared currency pair is going upwards by a positive value of +0.23% and it is trading in the close vicinity of the 1.1409 level and it is relying heavily on the 1.1502 point followed close up by the 1.1505 point and lastly ending with the 1.1553 level.
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 1.1352 level followed close up by the 1.1214 point.
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