EUR/USD Outlook (17 August 2021)

Overall, EUR/USD is ranging across. Recently, EUR/USD failed to break above the key level of 1.18.

The eurozone flash employment change q/q and GDP q/q data will be released later at 1700 (GMT+8).

• Flash Employment Change q/q (Forecast: 0.2%, Previous: -0.3%)
  
• Flash GDP q/q (Forecast: 2.0%, Previous: 2.0%)
  

Currently, EUR/USD is moving towards the support zone of 1.17600 and the next resistance zone is at 1.19000.
Look for short-term buying opportunities of EUR/USD if it bounces off the support zone of 1.17600.