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EUR/USD Outlook (09 October 2020)

FX:EURUSD   Euro / U.S. Dollar
Overall, EUR/USD is ranging across. Recently, EUR/USD bounced off the support zone of 1.17400.

In the released meeting minutes yesterday, the European Central Bank highlighted that further reductions in interest rates and the amendments of the conditions of the TLTROs are part of the toolkit for further monetary policy easing.

EUR/USD’s next support zone is at 1.17400 and the next resistance zone is at 1.19700.
Look for short-term buying opportunities of EUR/USD.

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