EUR/USD Outlook (22 December 2020)
Overall, EUR/USD is trending upwards. Recently, EUR/USD rejected the support zone of 1.21800.
The eurozone Consumer Confidence data (Actual: -14, Forecast: -18, Previous: -18) released yesterday indicated a slight recovery in the view of the eurozone’s economic recovery from the surveyed consumers.
Currently, EUR/USD is moving towards the support zone of 1.21800 and the next resistance zone is at 1.24800.
Look for short-term selling opportunities of EUR/USD if it breaks the support zone of 1.21800.
The eurozone Consumer Confidence data (Actual: -14, Forecast: -18, Previous: -18) released yesterday indicated a slight recovery in the view of the eurozone’s economic recovery from the surveyed consumers.
Currently, EUR/USD is moving towards the support zone of 1.21800 and the next resistance zone is at 1.24800.
Look for short-term selling opportunities of EUR/USD if it breaks the support zone of 1.21800.
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