Overall, EUR/USD is trending upwards. Recently, EUR/USD bounced down from the key level of 1.23.
The Germany Unemployment Change data (Actual: -37K, Forecast: 10K, Previous: -40K revised from -39K) released yesterday indicated a decline in the number of unemployed people in November.
The German Preliminary CPI m/m data (Forecast: 0.6%, Previous: -0.8%) will be released later at 1300 (SGT).
The French Preliminary CPI m/m data (Forecast: 0.4%, Previous: 0.2%) will be released later at 1545 (SGT).
EUR/USD’s next support zone is at 1.21800 and the next resistance zone is at 1.24800.
Look for short-term buying opportunities of EUR/USD if it breaks above the key level of 1.23.
The Germany Unemployment Change data (Actual: -37K, Forecast: 10K, Previous: -40K revised from -39K) released yesterday indicated a decline in the number of unemployed people in November.
The German Preliminary CPI m/m data (Forecast: 0.6%, Previous: -0.8%) will be released later at 1300 (SGT).
The French Preliminary CPI m/m data (Forecast: 0.4%, Previous: 0.2%) will be released later at 1545 (SGT).
EUR/USD’s next support zone is at 1.21800 and the next resistance zone is at 1.24800.
Look for short-term buying opportunities of EUR/USD if it breaks above the key level of 1.23.