Overall, EUR/USD is trending upwards. Recently, EUR/USD trended higher into the resistance zone of 1.11200.
The eurozone CPI Flash Estimate y/y data released last Friday indicated an overall slight decrease in inflation of the eurozone.
The eurozone Final Manufacturing PMI data (Forecast: 39.5, Previous: 39.5) will be released later at 1600 (SGT).
German and French banks will be closed today in observance of Whit Monday. Lower trading volatility and volume is expected during the European market session.
Currently, EUR/USD is testing to break the resistance zone of 1.11200 and the next support zone is at 1.09700.
Look for buying opportunities of EUR/USD if it breaks the resistance zone of 1.11200.
The eurozone CPI Flash Estimate y/y data released last Friday indicated an overall slight decrease in inflation of the eurozone.
- CPI Flash Estimate y/y (Actual: 0.1%, Forecast: 0.1%, Previous: 0.3% revised from 0.4%)
- Core CPI Flash Estimate y/y (Actual: 0.9%, Forecast: 0.8%, Previous: 0.9%)
The eurozone Final Manufacturing PMI data (Forecast: 39.5, Previous: 39.5) will be released later at 1600 (SGT).
German and French banks will be closed today in observance of Whit Monday. Lower trading volatility and volume is expected during the European market session.
Currently, EUR/USD is testing to break the resistance zone of 1.11200 and the next support zone is at 1.09700.
Look for buying opportunities of EUR/USD if it breaks the resistance zone of 1.11200.