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EUR/USD Outlook (17 February 2020)

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 downwards. Recently, EUR/USD’s downtrend has stagnated.
The German Preliminary GDP q/q data (Actual: 0.0%, Forecast: 0.1%, Previous: 0.1%) released was worse than forecasted.
EUR/USD’s next support level is at 1.06000 and the next resistance level is at 1.08720.
Look for selling opportunities of EUR/USD.
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