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 pair!
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.
- The EUR/USD shared currency pair has lost a lot of trading speed due to President Trump’s comments.
- The US DXY index is now close to the 95.00 value.
- US President Trump has managed to do the impossible and state that he would prefer a weaker US Dollar.
According to FxEmpire.com today the shared currency pair is trading in the lower side of the trading chart in the close vicinity of the 1.1575 level and before it can retake the 1.1600 back analysts suspect that the descent will not end here.
EUR USD influenced in the worst possible manner by Trump
EUR/USD traders now feel confident that the shared currency pair will continue going low even after the New York trading session begins, there was an attempt to stay solid around the 1.1680 level but unfortunately due to the lack of supportive data the trading cross quickly lost this trading spot.
Both traders and investors are completely amazed at the far-fetched and outright bad comments by President Trump on the USD progress therefore a huge spike of volatility has emerged after these extremely ill comments and to add injury to the process he has also criticized the Fed’s activity. In a nut shell President Trump has managed to bring his own country’s economy down and also hurt competition.
Let us know how do you feel about Trump’s comments ? How about the lack of data from the European Union? Will the EUR/USD lose the 1.1650 level?
Highest level = 1.1725
Lowest level = 1.1621
Volatility level = Extremely High
Our Trading Predictions
We advise you to:
- Sell 15%
- Buy 85%
S3 = 1.1532 S2= 1.1543 S1 = 1.1624
R1 = 1.1741 R2 = 1.1722 R3 = 1.1771
EUR/USD significant trading levels
Right now the EUR/USD shared currency pair is going downwards by a negative value of -0.11% and it is trading in the close vicinity of the 1.1615 level and it is looking towards some solid points starting with the 1.1678 level and ending with the 1.1718 level.
On the other side of the table by jumping past the 1.1575 barrier this will clear the trading path towards the 1.1527 level at first followed close up by the 1.1508 level.
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