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 exchange rate is trading in the lower side of the trading chart in the proximity of the 1.1380 level and it is already showing signs of moving towards the 1.1370.
EUR USD exchange rate weak on the USD buying action
Today I believe that the EUR USD exchange rate is heading with speed towards new low points on the trading chart close to 1.1385 and with some variations in the vicinity of the 1.1380.
I have noticed that a lot of significant influence is coming in from the German data releases where the Factory Orders went upwards by a value of 1.6% for the last month of 2018.
Investors have announced that the Building Permits figures along with the Durable Goods Orders are the most important data release of the day and it will definitely have a significant impact on the EUR USD exchange rate.
Why I think EUR/USD exchange rate is one of the best currencies to trade right now
It is in my belief that the European Union is going to have the center of the stage in the GDP data and EU parliamentary elections is beginning to turn into a big financial point.
I have noticed that the EUR USD exchange rate is going to receive weak influence from the release of the US DXY index.
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 = 1.1390
Lowest level = 1.1355
Volatility level = Very High
Today’s Forex predictions
Here is my EUR/USD forecast for tomorrow
Buy – 10%
Sell – 90%
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 -0.19% and it is going to trading in the proximity of the 1.1383 level therefore by breaching the 1.1356 level this will open the trading path towards the 1.1330 level followed close up by 1.1289.
On the other side of the medal there are several solid levels starting with 1.1419 continuing with 1.1442 and lastly ending with 1.1514.
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