Overall, EUR/USD is trending downwards. Recently, EUR/USD bounced off the resistance zone of 1.19700.
The eurozone and German ZEW economic sentiment data released yesterday indicated an increase in the level of optimism from investors and analysts on the 6-month economic outlook for the eurozone and Germany.
German ZEW Economic Sentiment (Actual: 76.6, Forecast: 74.0, Previous: 71.2)
The Dutch Parliamentary Election will be held today.
Currently, EUR/USD is testing to break below the key level of 1.19. Its next support zone is at 1.17900 and the next resistance zone is at 1.19700. Look for short-term selling opportunities of EUR/USD up until the U.S. Federal Reserve monetary policy decision tomorrow at 0200 (SGT).