Overall, EUR/USD is ranging across. Recently, EUR/USD trended into the support zone of 1.17400.
The German ZEW Economic Sentiment data (Actual: 56.1, Forecast: 74.1, Previous: 77.4) released yesterday indicated a strong decline in economic sentiment due to the recent sharp rise in the number of COVID-19 cases and the uncertainty of the UK leaving the EU without a trade deal.
Currently, EUR/USD is testing the support zone of 1.17400 and the next resistance zone is at 1.19700.
If EUR/USD breaks the support zone of 1.17400, look for selling opportunities of EUR/USD.
The German ZEW Economic Sentiment data (Actual: 56.1, Forecast: 74.1, Previous: 77.4) released yesterday indicated a strong decline in economic sentiment due to the recent sharp rise in the number of COVID-19 cases and the uncertainty of the UK leaving the EU without a trade deal.
Currently, EUR/USD is testing the support zone of 1.17400 and the next resistance zone is at 1.19700.
If EUR/USD breaks the support zone of 1.17400, look for selling opportunities of EUR/USD.
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