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!
According to Fxempire.com today the EUR USD currency pair has manage to shake off the 1.1230 level and it has already camped close to the 1.1280 point and it is showing strong signs of moving towards the 1.1290 level.
EUR USD exchange rate reacts promptly to US figures
I believe that at the end of the trading week the risk sentiment is very high and it will continue to stay solid up until next week’s trading session. I have also noticed that the trading sentiment will continue to stay depressed in the wake of the USD and it is also going to receive plenty of influence from the US and China trade negotiations.
At the beginning of the trading session the trading cross has barely managed to shake off the 1.1230 level and with this a huge buying tidal wave followed after the poor US Industrial Production data release, which landed close to 0.6% for the previous month way under most predictions.
Why I think EUR/USD exchange rate is one of the best currencies to trade right now
In other news the release of the Capacity Utilization went downwards close to 78.2% and the Manufacturing Production also fell downwards by -0.9%.
I have noticed that the EUR USD exchange rate has received positive vibes from the ES index which measured an increase of +8.80 for the current month.
Today I advise you to use the SELL action as much as possible!
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|Forex and Profits presents Today’s Free Forex Signal
A summary of Highs and Lows for the EUR/USD
Highest level = 1.1311
Lowest level = 1.1236
Volatility level = Very High
Today’s Forex predictions
Here is my EUR/USD forecast for tomorrow
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 negative value of -0.18% and it is trading in the close vicinity of the 1.1273 level and I believe that by jumping over the 1.1234 level this will clear the path towards the 1.1215 point followed close up by 1.1118.
On the other side of the medal I have noticed that there are several solid levels starting with 1.1294 continuing with 1.1332 and lastly ending with 1.1341.
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