Overall, EUR/USD is trending downwards. Recently, EUR/USD weakened and broke below the key level of 1.21 after the hawkish tone sent out by the U.S. Federal Reserve.
The eurozone final CPI y/y data will be released later at 1700 (GMT+8).
Currently, EUR/USD is testing the support zone of 1.19700 and the next resistance zone is at 1.21500.
Look for short-term selling opportunities of EUR/USD if it breaks the support zone of 1.19700.
The eurozone final CPI y/y data will be released later at 1700 (GMT+8).
- Final CPI y/y (Forecast: 2.0%, Previous: 2.0%)
- Final Core CPI y/y (Forecast: 0.9%, Previous: 0.9%)
Currently, EUR/USD is testing the support zone of 1.19700 and the next resistance zone is at 1.21500.
Look for short-term selling opportunities of EUR/USD if it breaks the support zone of 1.19700.
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