Overall, EUR/USD is ranging across. Recently, EUR/USD trended higher, breaking above the key level of 1.09.
The eurozone economic data released yesterday were overall positive. However, Eurostat reported that the decline in GDP was the sharpest since 1995.
EUR/USD’s next support level is at 1.07800 and the next resistance level is at 1.10000.
Look for short-term buying opportunities of EUR/USD.
The eurozone economic data released yesterday were overall positive. However, Eurostat reported that the decline in GDP was the sharpest since 1995.
- Preliminary Flash GDP q/q (Actual: -3.8%, Forecast: -3.7%, Previous: 0.1%)
- CPI Flash Estimate y/y (Actual: 0.4%, Forecast: 0.1%, Previous: 0.7%)
- Core CPI Flash Estimate y/y (Actual: 0.9%, Forecast: 0.7%, Previous: 0.1%)
- Unemployment Rate (Actual: 7.4%, Forecast: 7.7%, Previous: 7.3%)
EUR/USD’s next support level is at 1.07800 and the next resistance level is at 1.10000.
Look for short-term buying opportunities of EUR/USD.