Overall, EUR/USD is ranging across. Recently, EUR/USD trended into the resistance zone of 1.19800.
The French preliminary CPI data released last Friday indicated an increase in inflation in November while the quarterly GDP data released indicated a slight expansion in the economy during quarter three.
European Central Bank President Lagarde will be speaking later at 1800 (SGT). During this time, there may be volatility in EUR.
The Eurogroup Meetings will be held today. Also, OPEC meetings will be held today.
Currently, EUR/USD is testing the resistance zone of 1.19800 and the next support zone is at 1.17900.
Look for short-term buying opportunities of EUR/USD if it breaks the resistance zone of 1.19800.
The French preliminary CPI data released last Friday indicated an increase in inflation in November while the quarterly GDP data released indicated a slight expansion in the economy during quarter three.
- French Preliminary CPI m/m (Actual: 0.2%, Forecast: 0.0%, Previous: 0.0% revised from -0.1%)
- French Preliminary GDP q/q (Actual: 18.7%, Forecast: 18.2%, Previous: 18.2%)
European Central Bank President Lagarde will be speaking later at 1800 (SGT). During this time, there may be volatility in EUR.
The Eurogroup Meetings will be held today. Also, OPEC meetings will be held today.
Currently, EUR/USD is testing the resistance zone of 1.19800 and the next support zone is at 1.17900.
Look for short-term buying opportunities of EUR/USD if it breaks the resistance zone of 1.19800.
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