JinDao_Tai

EUR/USD Outlook (08 January 2020)

FX:EURUSD   Euro / U.S. Dollar
Overall, EUR/USD is moving across. Recently, EUR/USD trended lower after failing to break above the key level of 1.12.
The eurozone CPI flash estimate y/y data (Actual: 1.3%, Forecast: 1.3%, Previous: 1.0%) released was as forecasted.
Currently, EUR/USD is testing the support level of 1.11500 and the next resistance level is at 1.12800.
Stay out of EUR/USD for now.

Free trading community: discord.gg/kPDXU2ZaDt
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.