EUR/USD Outlook (22 November 2019)

Overall, EUR/USD is ranging across.
The eurozone PMI data will be released later at 1700 (SGT).

• Flash Manufacturing PMI (Forecast: 46.4, Previous: 45.9 revised from 45.7)
  
• Flash Services PMI (Forecast: 52.4, Previous: 52.2 revised from 51.8)
  

The forecasted data are better than the previously released data. Note that the eurozone manufacturing sector is in contraction. If the PMI data released are better than forecasted and that the manufacturing sector is out of contraction, euro may strengthen.
Also, the new President of the European Central Bank (ECB) Christine Lagarde will be speaking today at a tentative timing. Volatility is expected of any euro pairs during her speech.
EUR/USD’s next support level is at 1.10100 and the next resistance level is at 1.11500.
Wait for the PMI data to be released and hear what Christine Lagarde has to say before looking for any trade opportunities.