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.
- Today the EUR USD shared currency pair has managed to jump over the 1.1700 value.
- The US DXY index did not manage to bring any positive news.
- The European Central Bank will be holding an event at the middle of the trading week.
According to FxEmpire.com today there will be a lot of bullish movements due to the spark between the United States and Iran on trade deals and negotiations, also US President Trump has managed to once again affect the USD in a negative tone by throwing bad commentary at this own national currency.
Since the debut of the trading session analysts have watched closely the evolution of the trading cross and it quickly went from 1.1690 to 1.1740, but unable to hold this point for long the trading cross feel close to the 1.1720 value.
EUR/USD influenced heavily by the European Central Bank
EUR USD traders are now certain that today’s trading session will shadow the 1.1700 level because it will be receiving poor influence from the lack of data in the United States as well as from the ongoing trade disputes between the United States and China. In the near future the United States Fed data is going to come out and offer some influence, but only if it lands in accordance with the predictions.
Let us know how do you feel about Trump’s actions on the USD? What is the reason to give bad commentary to your national currency? Why is Trump doing this?? Will the EUR/USD jump past the 1.1740 level?
Highest level = 1.1735
Lowest level = 1.1682
Volatility level = High
Our Trading Predictions
We advise you to:
- Sell 20%
- Buy 80%
S3 = 1.1546 S2= 1.1543 S1 = 1.1628
R1 = 1.1730 R2 = 1.1712 R3 = 1.1770
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EUR/USD significant trading levels
For the time being the EUR USD shared currency pair is going upwards by a positive value of +0.5% and it is trading in the close vicinity of the 1.1726 level therefore by losing the 1.1690 value this will clear the path towards the 1.1676 at first followed close up by the 1.1575 level.
On the other side of the table there are several solid levels beginning with the 1.1748 point continuing with the 1.1792 point and lastly ending with the 1.1854 point.
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