is trending downwards. Recently, EUR/USD
is ranging across. Yesterday, the strengthening of euro
due to the positive PMI data was short-lived, resulted in EUR/USD
rejecting the key level of 1.11.
The G7 meetings will be starting tomorrow. During this time, central bankers from the G7 nations may make important comments and statements.
EUR/USD’s next support level
is at 1.10400 and its next resistance level
is at 1.12400.