Overall, EUR/USD is ranging across.
Over the weekend, UK Prime Minister Boris Johnson and EU Commission President Ursula von der Leyen spoke over a phone call and acknowledged that a post-Brexit trade deal is crucial for both countries. Both parties have also instructed their respective negotiators to close the gaps in their trade talks.
Eurogroup meetings will be carried out today. During this time, there may be volatility in EUR.
The eurozone retail sales m/m data (Forecast: 2.4%, Previous: -1.3%) will be released later at 1700 (SGT).
Currently, EUR/USD is testing the resistance zone of 1.17400 and the next support zone is at 1.15300.
Look for selling opportunities of EUR/USD if it rejects the resistance zone of 1.17400.
Over the weekend, UK Prime Minister Boris Johnson and EU Commission President Ursula von der Leyen spoke over a phone call and acknowledged that a post-Brexit trade deal is crucial for both countries. Both parties have also instructed their respective negotiators to close the gaps in their trade talks.
Eurogroup meetings will be carried out today. During this time, there may be volatility in EUR.
The eurozone retail sales m/m data (Forecast: 2.4%, Previous: -1.3%) will be released later at 1700 (SGT).
Currently, EUR/USD is testing the resistance zone of 1.17400 and the next support zone is at 1.15300.
Look for selling opportunities of EUR/USD if it rejects the resistance zone of 1.17400.