JinDao_Tai

EUR/USD Outlook (17 May 2021)

FX:EURUSD   Euro / U.S. Dollar
Overall, EUR/USD is trending upwards. Recently, EUR/USD trended into the resistance zone of 1.21500 after the release of the poor U.S. retail sales data.

Currently, EUR/USD is testing the resistance zone of 1.21500 and the next support zone is at 1.19700.
Look for buying opportunities of EUR/USD if it breaks above the resistance zone of 1.21500.

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