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EUR/USD Outlook (23rd August 2019)

FX:EURUSD   Euro / U.S. Dollar
Overall, EUR/USD 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.
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