Overall, EUR/USD is ranging across. Recently, EUR/USD trended into the resistance zone of 1.19700.
The eurozone and German ZEW economic sentiment data released yesterday indicated a decline in the level of optimism on the eurozone and German economy.
During this time, there may be volatility in EUR.
Currently, EUR/USD is testing the resistance zone of 1.19700 and the next support zone is at 1.17900.
Look for selling opportunities of EUR/USD if it rejects the resistance zone of 1.19700.
The eurozone and German ZEW economic sentiment data released yesterday indicated a decline in the level of optimism on the eurozone and German economy.
- Eurozone ZEW Economic Sentiment (Actual: 66.3, Forecast: 77.2, Previous: 74.0)
- German ZEW Economic Sentiment (Actual: 70.7, Forecast: 79.1, Previous: 76.6)
During this time, there may be volatility in EUR.
Currently, EUR/USD is testing the resistance zone of 1.19700 and the next support zone is at 1.17900.
Look for selling opportunities of EUR/USD if it rejects the resistance zone of 1.19700.
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