Overall, EUR/USD is trending downwards. Recently, EUR/USD trended higher into the resistance level of 1.08000.
G7 meetings will be held today in discussion of the economic impact of the coronavirus pandemic. During this time, volatility is expected.
The Eurozone flash PMI data will be released later at 1700 (SGT).
If the released PMI data are worse than or as forecasted, look for short-term selling opportunities of EUR/USD if it rejects the resistance level of 1.08000.
G7 meetings will be held today in discussion of the economic impact of the coronavirus pandemic. During this time, volatility is expected.
The Eurozone flash PMI data will be released later at 1700 (SGT).
- Flash Manufacturing PMI (Forecast: 40.1, Previous: 49.2 revised from 49.1)
- Flash Services PMI (Forecast: 40.0, Previous: 52.6 revised from 52.8)
If the released PMI data are worse than or as forecasted, look for short-term selling opportunities of EUR/USD if it rejects the resistance level of 1.08000.