Are you searching for a strong currency with potential on the trading chart? Guess what? Now you can make some great Pips on the EUR USD exchange rate and begin your journey as a successful trader!
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According to fxempire.com the EUR/USD exchange rate has reached the first historical low of 2019 which is close to the 1.1290 level and it is already showing strong signs of moving even lower and the 1.1260 point is not out of the question.
EUR USD exchange rate reacts to USD-buying
I have recently noticed that the EUR/USD currency pair is trading very low close to 1.1280 and it is not showing any signs of stopping there. This unpredicted action has managed to spark a huge tidal wave of buying actions which has gradually managed to lift the USD single currency.
I have also noticed that there is a huge amount of pressure building up in the proximity of the 1.1300 level.
I think that some good trading vibes are coming in from the US and China resuming their infinite trade talks and finally collaboration between them is bound to take place which will eventually end this predicament.
Why I think EUR/USD exchange rate is one of the best currencies to trade right now
In the meantime in the European Union the EC is underlining its projections for a slow economic growth and the inflation rates have started to grow.
Germany is now just around the corner distance from entering the Q4 recession.
One of the most pressing issues in the European Union continue to be the political concerns surrounding the recent Italy-France economic debates, as well as the French protests and with the EU parliamentary elections around the corner.
Today I advise you to use the SELL action as much as possible!
Let us know how you feel about this analysis? 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 = 1.1310
Lowest level = 1.1285
Volatility level = Very High
Today’s Forex predictions
Here is my EUR/USD forecast for tomorrow
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Buy – 0%
Sell – 100%
S3 = 1.1255 S2= 1.1331 S1 = 1.1343
R1 = 1.1320 R2 = 1.1385 R3 = 1.1412
EUR/USD significant trading levels
For the time being the EUR USD exchange rate is going downwards by a huge negative value of -0.23% and it is trading in the close vicinity of the 1.1293 level therefore I believe that by jumping over the 1.1282 level this will clear the trading path towards the 1.1269 level at first followed close up by 1.1215.
On the other side of the coin I have noticed that there are several solid levels starting with 1.1356 followed close up by 1.1387 and lastly ending with 1.1425.
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