EUR/USD Outlook (05 August 2020)

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

The eurozone Final Services PMI data (Forecast: 55.1, Previous: 55.1) will be released later at 1600 (SGT).

Also, the eurozone Retail Sales m/m data (Forecast: 6.5%, Previous: 17.8%) will be released later at 1630 (SGT).

Currently, EUR/USD is testing to break above the key level of 1.18. Its next support zone is at 1.17200 and the next resistance zone is at 1.19000.
Look for buying opportunities of EUR/USD .


Yes buy buy buy!
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