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 currency pair is trading on a steady path which is slightly above the 1.1400 level and at the end of the trading week the trading sentiment is still mixed with positive and negative vibes.
EUR/USD currency trading is reacting to Brexit optimism
I believe that the shared currency pair is receiving a lot of influence from the ongoing Brexit negotiations and I believe that the USD weakness is also having a significant impact on the overall trading process. Positive influence will be coming in from the PMI data releases for the current month in the European Union and the United States.
I have noticed that the currency trading picked up pace even from first bids in the trading session and many Asian traders have already saluted the Brexit draft which has been approved by the UK and the EU Commission. The draft states that the future trade relationship.
Why I think EUR/USD is one of the best currencies to trade right now
In the meantime in the European Union there is a lot of support coming in from Meeting’s Minutes which has underlined the central bank is working on the QE agenda for the upcoming month.
I think that every trader will be patiently waiting for the releases of the flash manufacturing and services PMI data which will definitely offer a fresh trading process for everyone to enjoy
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 = 1.1432
Lowest level = 1.1391
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 +0.11% and it is trading in the close vicinity of the 1.1412 level and it is relying heavily on the 1.1512 point followed close up by the 1.1509 point and lastly ending with the 1.1556 level.
On the other side of the coin I believe that by jumping over the 1.1349 level this will definitely clear the trading path towards the 1.1372 level followed close up by the 1.1204 point.
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