eur usd, eur usd exchange rate

EUR/USD is camping close to 1.1180, US job data eyed

  • EUR/USD currency pair is trading with optimism close to 1.1190.
  • The release of the US-GE data is keeping the pair down.
  • All eyes will be fixed on the release of the JOLT Job Openings in the US.
  • The IBD index along with the Fed conference will definitely ease off some steam.

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 today the EUR USD shared currency pair is trading in the close vicinity of the 1.1180 and it is already showing strong signs of moving upwards in the proximity of the 1.1200 level by the end of the trading session.

EUR/USD keeps a close eye on the US data

I have noticed that the EUR USD shared currency pair will continue to be under a lot of pressure and it will be receiving a lot of positive influence from both the United States as well as from the German data.

It is in my belief that the negotiations between the United States and China will continue to keep the trading sentiment tensed in the global trading markets and the upcoming meeting between US and Chinese officials in Washington DC will definitely bring a lot of stir.

Back on the old continent in the European Union investors are keeping a close eye on the release of the Factory Orders data in the Germany which already have been predicted to land low for the previous month of March.

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At the same time across the ocean in the North American trading session the release of the IBD and TIPP index will be followed close up by the KOL data which has been predicted to offer a breath of fresh air to the overall trading process.

I also believe that the release of the Employment data as well as the FOMC conference where mr. R.Quarles will be holding a speech.

Why I think EUR/USD exchange rate is one of the best currencies to trade right now

Investors are now keeping a close eye on the German data releases which will have a significant impact on the regional economic slowdown.

As for political influences the upcoming parliamentary elections in the European Union are offering a lot of influence and all investors will keep a close eye on the populist option among voters.

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 = 1.1240

Lowest level = 1.1190

Volatility level = High

Sell is the main action for EUR/USD exchange rate

Today’s Forex predictions

Here is my EUR USD forecast for tomorrow

Buy – 15%

Sell – 85%

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S3 = 1.1255 S2= 1.1231 S1 = 1.1143

R1 = 1.1120 R2 = 1.1185 R3 = 1.1112

EUR/USD significant trading levels

For the time being the EUR USD shared currency pair is going upwards by a positive value of +0.13% and it is trading in the close vicinity of the 1.1184 level and it is relying for support on the 1.1135 level followed close up by 1.1109 and lastly ending with 1.0839.

On the other side of the coin I believe that by jumping over the 1.1264 level this will definitely clear the trading path towards the 1.1269 point followed close up by 1.1323.

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