Overall, EUR/USD is ranging across. Recently, EUR/USD broke below the key level of 1.22.
The eurozone unemployment rate data (Actual: 8.3%, Forecast: 8.5%, Previous: 8.4%) released last Friday indicated a slight decline in unemployment as opposed to the forecast of a slight increase.
European Central Bank President Lagarde will be moderating an online panel discussion later at 2240 (SGT). During this time, there may be volatility in EUR.
Currently, EUR/USD is testing the support zone is at 1.21800 and the next resistance zone is at 1.24800.
Look for selling opportunities of EUR/USD if it breaks the support zone of 1.21800.
The eurozone unemployment rate data (Actual: 8.3%, Forecast: 8.5%, Previous: 8.4%) released last Friday indicated a slight decline in unemployment as opposed to the forecast of a slight increase.
European Central Bank President Lagarde will be moderating an online panel discussion later at 2240 (SGT). During this time, there may be volatility in EUR.
Currently, EUR/USD is testing the support zone is at 1.21800 and the next resistance zone is at 1.24800.
Look for selling opportunities of EUR/USD if it breaks the support zone of 1.21800.
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