Overall, EUR/USD is ranging across. Recently, EUR/USD trended into the resistance zone of 1.19700.
The eurozone and German ZEW economic sentiment data released yesterday indicated a decline in the level of optimism on the eurozone and German economy.
German ZEW Economic Sentiment (Actual: 70.7, Forecast: 79.1, Previous: 76.6)
European Central Bank President Christine Lagarde will be speaking at an online event later at 2200 (SGT). During this time, there may be volatility in EUR.
Currently, EUR/USD is testing the resistance zone of 1.19700 and the next support zone is at 1.17900. Look for selling opportunities of EUR/USD if it rejects the resistance zone of 1.19700.