JinDao_Tai

EUR/USD Outlook (05 October 2021)

Short
FX:EURUSD   Euro / U.S. Dollar
Overall, EUR/USD is trending downwards.

The eurozone ECOFIN meetings will be held today.
Also, European Central Bank President Lagarde will be speaking later at 2300 (GMT+8).
During these times, there may be volatility in EUR.

Currently, EUR/USD is testing the resistance zone of 1.16300 and the next support zone is at 1.15000.
Look for selling opportunities of EUR/USD if it bounces off the resistance zone of 1.16300.

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