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 pair is jumping up and down between the 1.1680 and 1.1700 levels in the middle of the trading week.
- All eyes are now fixed on the meeting between US President Donald Trump and EU Juncker.
- The release of the German IFO data in the EU is going to create a lot of tension.
According to FxEmpire.com today the shared currency pair is going to trading in an undetermined path because so far it has wobbled between 1.1680 and 1.1710 several times this is why caution is extremely necessary today. Moreover today an important meeting is going to take place between Trump and Juncker.
EUR USD traders now feel confident that the shared currency pair will be very volatile and unexpected movements have been predicted to take place on the trading chart somewhere around the 1.1680 area and the 1.1720 zone.
EUR/USD influenced heavily by the EU data releases
EUR/USD analysts now believe that the 1.1690 trading zone will become a support area for the trading cross, also a consolidation move will quickly appear in the vicinity of the 1.1710. Also a lot of influence is coming in from the meeting between the US President Donald Trump and the European Commission’s J.C.Juncker to negotiate a way out of the a trade debates.
On top of this in the European Union a lot of influence will be coming in from the release of the IFO figures in Germany and most traders and hope that these figures will come in line with the PMI prints for the month of July.
Let us know how do you feel about the meeting between Trump’s and Juncker concerning the trade war? Why has Donald Trump invited Juncker to Washington?? Will the EUR/USD manage to jump past the 1.1720 level?
Highest level = 1.1715
Lowest level = 1.1675
Volatility level = High
Our Trading Predictions
We advise you to:
- Sell 20%
- Buy 80%
S3 = 1.1526 S2= 1.1513 S1 = 1.1618
R1 = 1.1740 R2 = 1.1722 R3 = 1.1750
Are you in need of a good Forex broker? Do you need investment advice? We have all the solutions to all your problems! Our professionals recommend you open an account with these brokers: AAAfx or Zulutrade. Both are amazing in customer care service and offer a robust and productive trading experience. Increase your capital today!
EUR/USD significant trading levels
For the time being the EUR/USD shared currency pair is going downwards by a negative value of -0.11% and it is currently trading in the close vicinity of the 1.1684 level therefore by breaching the 1.1570 level this will clear the trading path towards the 1.1527 level at first followed close up by the 1.1508 point.
On the other side of the table there are several solid levels beginning with the 1.1749 point continuing with the 1.1792 level and lastly ending with the 1.1853 level.
We value your opinion very much so please let us know how you feel about our predictions? Follow us and become a better trader!