Overall, EUR/USD is trending upwards. Recently, EUR/USD trended into the support zone of 1.21500.
The eurozone Final Services PMI data (Actual: 55.2, Forecast: 55.2, Previous: 55.1) released yesterday indicated a slight upward revision in the rate of expansion of the eurozone services sector in May.
The eurozone Retail Sales m/m data (Forecast: -1.4%, Previous: 2.7%) will be released later at 1700 (GMT+8).
European Central Bank President Lagarde will be speaking later at 1900 (GMT+8). During this time, there may be volatility in EUR.
Currently, EUR/USD is testing the support zone of 1.21500 and the next resistance zone is at 1.23200.
If EUR/USD breaks the support zone of 1.21500, look for short-term selling opportunities up until the release of the U.S. jobs report later at 2030 (GMT+8).
The eurozone Final Services PMI data (Actual: 55.2, Forecast: 55.2, Previous: 55.1) released yesterday indicated a slight upward revision in the rate of expansion of the eurozone services sector in May.
The eurozone Retail Sales m/m data (Forecast: -1.4%, Previous: 2.7%) will be released later at 1700 (GMT+8).
European Central Bank President Lagarde will be speaking later at 1900 (GMT+8). During this time, there may be volatility in EUR.
Currently, EUR/USD is testing the support zone of 1.21500 and the next resistance zone is at 1.23200.
If EUR/USD breaks the support zone of 1.21500, look for short-term selling opportunities up until the release of the U.S. jobs report later at 2030 (GMT+8).