Overall, EUR/USD is trending downwards. Recently, EUR/USD bounced up from the key level of 1.13.
The eurozone Retail Sales m/m data (Actual: 0.2%, Forecast: 0.3%, Previous: -0.3%) released last Friday indicated a rebound in consumer spending in October from the previous month’s decline.
The Eurogroup meetings will be held today. During this time, there may be volatility in EUR.
Currently, EUR/USD is testing to break below the key level of 1.13. Its 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 if it breaks below the key level of 1.13.
The eurozone Retail Sales m/m data (Actual: 0.2%, Forecast: 0.3%, Previous: -0.3%) released last Friday indicated a rebound in consumer spending in October from the previous month’s decline.
The Eurogroup meetings will be held today. During this time, there may be volatility in EUR.
Currently, EUR/USD is testing to break below the key level of 1.13. Its 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 if it breaks below the key level of 1.13.
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