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 Fxempire.com today the EUR USD shared currency pair is trading high in the close vicinity of the 1.1200 level and it is showing strong signs of moving upwards close to the 1.1220 point until the trading session ends.
EUR/USD is close to jumping towards 1.1220
I have noticed today that the EUR USD shared currency pair is trading in the proximity of the 1.1200 level and it will be sitting close to the 21-day SMA.
Investors will be keeping a close eye on the US and China trade negotiations and the recent currency deterioration also due to the visit of the Chinese negotiators at Washington DC where the negotiations will be resumed.
On top of this the trade scenario will also react promptly to the increase in value of the tariffs for the Chinese products which already has been estimated close to a value of $200 billion.
Back on the old continent traders are waiting patiently for an official statement from Donald Tusk who is EU Summit in Sibiu Romania.
Why I think EUR/USD exchange rate is one of the best currencies to trade right now
I believe that across the ocean in the United States the Producer Prices as well as the Initial Claims data will have a significant impact on the overall trading process.
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 = 1.1230
Lowest level = 1.1190
Volatility level = High
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Today’s Forex predictions
Here is my EUR USD forecast for tomorrow
Buy – 15%
Sell – 85%
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 +0.09% and it is trading in the proximity of the 1.1197 level therefore by breaching the 1.1264 level this will definitely clear the trading path towards 1.1263 followed close up by 1.1323.
On the other side of the coin I have noticed that there are several solid points starting with 1.1135 followed close up by 1.1109 and lastly ending with 1.0839.
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