Overall, EUR/USD is trending downwards. Recently, EUR/USD broke below the key level of 1.30.
The eurozone Consumer Confidence data (Actual: -7, Forecast: -5, Previous: -5) released yesterday indicated a worsening in the level of optimism from the surveyed consumers on the economic conditions of the eurozone.
The French flash PMI data will be released later at 1615 (SGT).
The German Flash PMI data will be released later at 1630 (SGT).
The eurozone flash PMI data will be released later at 1700 (SGT).
Currently, EUR/USD is moving towards the support zone of 1.12000 and the next resistance zone is at 1.13900.
Look for short-term selling opportunities of EUR/USD.
The eurozone Consumer Confidence data (Actual: -7, Forecast: -5, Previous: -5) released yesterday indicated a worsening in the level of optimism from the surveyed consumers on the economic conditions of the eurozone.
The French flash PMI data will be released later at 1615 (SGT).
- French Flash Manufacturing PMI (Forecast: 53.1, Previous: 53.6 revised from 53.5)
- French Flash Service PMI (Forecast: 55.1, Previous: 56.6)
The German Flash PMI data will be released later at 1630 (SGT).
- German Flash Manufacturing PMI (Forecast: 56.6, Previous: 57.8 revised from 58.2)
- German Flash Services PMI (Forecast: 51.4, Previous: 52.4)
The eurozone flash PMI data will be released later at 1700 (SGT).
- Flash Manufacturing PMI (Forecast: 57.2, Previous: 58.3 revised from 58.5)
- Flash Services PMI (Forecast: 53.6, Previous: 54.6 revised from 54.7)
Currently, EUR/USD is moving towards the support zone of 1.12000 and the next resistance zone is at 1.13900.
Look for short-term selling opportunities of EUR/USD.
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The first line should read "Overall, EUR/USD is trending downwards. Recently, EUR/USD broke below the key level of 1.13."