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EUR/USD Outlook (17 December 2019)

Euro / U.S. Dollar (FX:EURUSD)  
JinDao_Tai  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Forex macro technical trend EURUSD
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trendanalysis forex macro technical trend eurusd
Overall, EUR/USD is trending upwards. Recently, EUR/USD trended higher towards the resistance level of 1.11500.
The eurozone PMI data released yesterday were mixed.
  • Flash Manufacturing PMI (Actual: 45.9, Forecast: 47.3, Previous: 46.9 revised from 46.6)
  • Flash Services PMI (Actual: 52.4, Forecast: 52.0, Previous: 51.9 revised from 51.5)
Currently, EUR/USD is testing the resistance level of 1.11500 and the next support level is at 1.10100.
Stay out of EUR/USD for now.
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