Overall, EUR/USD is trending upwards. Recently, EUR/USD trended higher but failed to break the key level of 1.12 upwards.
The eurozone final services PMI data (Actual: 52.8, Forecast: 52.4, Previous: 52.4) released yesterday was better than forecasted.
The eurozone CPI flash estimate y/y data (Forecast: 1.3%, Previous: 1.0%) will be released later at 1800 (SGT).
If the released data is better than forecasted, euro may strengthen.
Currently, EUR/USD is moving towards the key level of 1.12. Its next support level is at 1.11500 and the next resistance level is at 1.12800.
Look for short-term selling opportunities of EUR/USD if it fails to break the key level of 1.12 upwards.
The eurozone final services PMI data (Actual: 52.8, Forecast: 52.4, Previous: 52.4) released yesterday was better than forecasted.
The eurozone CPI flash estimate y/y data (Forecast: 1.3%, Previous: 1.0%) will be released later at 1800 (SGT).
If the released data is better than forecasted, euro may strengthen.
Currently, EUR/USD is moving towards the key level of 1.12. Its next support level is at 1.11500 and the next resistance level is at 1.12800.
Look for short-term selling opportunities of EUR/USD if it fails to break the key level of 1.12 upwards.
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