Overall, EUR/USD is trending upwards. Recently, EUR/USD bounced off the support zone of 1.21500.
The German Preliminary CPI m/m data (Forecast: 0.3%, Previous: 0.7%) will be released today at a tentative timing.
Currently, EUR/USD is bouncing down from the key level of 1.22. Its next support zone is at 1.21500 and the next resistance zone is at 1.23200.
Look for buying opportunities of EUR/USD if it breaks above the key level of 1.22.
The German Preliminary CPI m/m data (Forecast: 0.3%, Previous: 0.7%) will be released today at a tentative timing.
Currently, EUR/USD is bouncing down from the key level of 1.22. Its next support zone is at 1.21500 and the next resistance zone is at 1.23200.
Look for buying opportunities of EUR/USD if it breaks above the key level of 1.22.