Overall, EUR/USD is trending downwards.
The German Preliminary CPI m/m data (Actual: 0.8%, Forecast: 0.4%, Previous: 0.5%) released yesterday indicated an increase in inflation in Germany this month.
The French Preliminary GDP q/q data (Forecast: -4.0%, Previous: 18.7% revised from 18.2%) will be released later at 1430 (SGT).
The German Preliminary GDP q/q data (Forecast: 0.0%, Previous: 8.2%) will be released later at 1500 (SGT).
Currently, EUR/USD is testing the next support zone of 1.20750 and the next resistance zone is at 1.23170.
Look for selling opportunities of EUR/USD if it breaks the support zone of 1.20750.
The German Preliminary CPI m/m data (Actual: 0.8%, Forecast: 0.4%, Previous: 0.5%) released yesterday indicated an increase in inflation in Germany this month.
The French Preliminary GDP q/q data (Forecast: -4.0%, Previous: 18.7% revised from 18.2%) will be released later at 1430 (SGT).
The German Preliminary GDP q/q data (Forecast: 0.0%, Previous: 8.2%) will be released later at 1500 (SGT).
Currently, EUR/USD is testing the next support zone of 1.20750 and the next resistance zone is at 1.23170.
Look for selling opportunities of EUR/USD if it breaks the support zone of 1.20750.
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