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EUR/USD Outlook (07 July 2020)

FX:EURUSD   Euro / U.S. Dollar
Overall, EUR/USD is ranging across. Recently, EUR/USD trended higher, breaking above the key level of 1.13.

The eurozone Retail Sales m/m data (Actual: 17.8%, Forecast: 15.0%, Previous: -11.7%) released yesterday indicated a strong recovery in consumer spending in May after the easing of the COVID-19 containment measures.

EUR/USD’s next support zone is at 1.11900 and the next resistance zone is at 1.13700.
Look for buying opportunities of EUR/USD.

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