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!
According to Fxempire.com today the EUR USD shared currency pair is trading in the proximity of the 1.1350 level and it is going to make a small jump towards the 1.1360 level at the end of the trading week.
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EUR/USD keeps a close eye on the EMU data
I have noticed today that almost every market participant will be keeping a close eye on the upcoming G-20 meeting. It is here where the President Trump will talk several predicaments with Chinese President Xi Jingpin and this will prove to be a perfect opportunity for Donald Trump to open several talking points about any kind of future tariffs.
The ongoing trade sparks will continue to govern the trading mood as well as major risk related levels but investors will definitely keep a close eye on the European Central Bank therefore maintain a strong demand for the EUR single currency.
I believe that the release of the inflation figures for the month of June in the EU region will definitely have a significant influence on the EU trading session.
At the same time across the ocean in the United States the release of the PCE data continuing with the Personal Spending and the U-Mich index will definitely have a significant impact on the USD dynamics.
Why I think EUR/USD exchange rate is one of the best currencies to trade right now
Still in the EU the European Commission is going to publish its preliminary measures of the volatile levels for the Euro area.
At the same time across the ocean in the United States the Markit is going to publish its preliminary readings for PMI prints in the United States economy followed close up by the Existing Home Sales data for the previous month.
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 = 1.1360
Lowest level = 1.1290
Volatility level = High
Today’s Forex predictions
Here is my EUR USD forecast for tomorrow
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Buy – 5%
Sell – 95%
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 trading cross is going downwards by a negative value of -0.02% and it is trading in the proximity of the 1.1366 level and it is going to rely heavily on the 1.1344 point continuing with 1.1260 and lastly ending with 1.1181.
On the other side of the medal I believe that by jumping over the 1.1412 level this will definitely open the trading path towards 1.1419 followed close up by 1.1448.
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