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
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According to FxEmpire.com today the EUR/USD currency pair has managed to grab on to the fresh high levels of 1.1450 and 1.1460 and the 1.1430 level is now way behind the trading pace because of the positive US Payroll data.
EUR/USD currency trading will continue to stay solid after the Payroll data
I have recently noticed that the daily high levels are once again placed on the table and the EUR/USD will continue to receive plenty of info from the United States labor market which has just expanded by a number of 250K for the previous month therefore jumping over most predictions On top of this I have found that the unemployment numbers did not move continuing to stay close to a value of 3.7%.
Why I think EUR/USD is one of the best currencies to trade right now
In the meantime across the ocean in the United States the release of the Average Hourly Earnings has shown that there are many inflation risks which so far have increased by a total value of +0.3% this month and by a 3.1% on a yearly basis which is going to weigh heavily on the EUR/USD currency trading. So far I have noticed that both values have been predicted correctly and have fallen in line with the economic evolution.
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
Today’s Forex predictions Here is my EUR/USD forecast for tomorrow Buy 34 % Sell 66 % S3 = 1.1402 S2= 1.1411 S1 = 1.1373 R1 = 1.1520 R2 = 1.1544 R3 = 1.1532 |
EUR/USD significant trading levels
For the time being the EUR/USD currency pair is going upwards by a small positive value of +0.16% and it is trading in the vicinity of the 1.1430 level and it will rely heavily on 1.1466 continuing with 1.1508 and lastly ending with 1.1550.
On the other side of the medal I believe that by jumping over the 1.1398 level this will clear the trading path towards 1.1334 and lastly ending with 1.1316.
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