JinDao_Tai

EUR/USD Outlook (08 November 2021)

Long
FX:EURUSD   Euro / U.S. Dollar
Overall, EUR/USD is ranging across.

The eurozone Retail Sale m/m data (Actual: -0.3%, Forecast: 0.2%, Previous: 1.0% revised from 0.4%) released yesterday indicated a decline in consumer spending in September.

The Sentix Investor Confidence data (Forecast: 14.9, Previous: 16.9) will be released later at 1730 (GMT+8).

EUR/USD’s next support zone is at 1.15000 and the next resistance zone is at 1.16300.
Look for short-term buying opportunities of EUR/USD.

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