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james001harrison
Nov 22, 2021 5:14 AM

EUR/USD Outlook (22 November 2021) Short

Euro Fx/U.S. DollarFXCM

Description

Overall, EUR/USD is trending downwards. Recently, EUR/USD rejected the resistance zone of 1.13900.
The eurozone Consumer Confidence data (Forecast: -5, Previous: -5) will be released later at 2300 (GMT+8).

Currently, EUR/USD is testing to break below the key level of 1.13. Its next support zone is at 1.12000 and the next resistance zone is at 1.13900.
Look for short-term selling opportunities of EUR/USD if it bounces down from the resistance zone of 1.13900.

Trade closed: target reached

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