Overall, EUR/USD is trending downwards.
The eurozone ZEW Economic Sentiment data (Actual: 26.8, Forecast: 22.4, Previous: 25.9) released yesterday indicated an increase in the level of optimism from the surveyed investors and analysts on the 6-month economic outlook for the eurozone.
European Central Bank President Lagarde will be speaking later at 1615 (GMT+8).
During this time, there may be volatility in EUR.
EUR/USD’s next support zone is at 1.12000 and the next resistance zone is at 1.13900.
Look for short-term selling opportunities of EUR/USD.
The eurozone ZEW Economic Sentiment data (Actual: 26.8, Forecast: 22.4, Previous: 25.9) released yesterday indicated an increase in the level of optimism from the surveyed investors and analysts on the 6-month economic outlook for the eurozone.
European Central Bank President Lagarde will be speaking later at 1615 (GMT+8).
During this time, there may be volatility in EUR.
EUR/USD’s next support zone is at 1.12000 and the next resistance zone is at 1.13900.
Look for short-term selling opportunities of EUR/USD.
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