Overall, EUR/USD is ranging across. Recently, EUR/USD broke the resistance zone of 1.19800.
The eurozone CPI Flash Estimate y/y data released yesterday indicated no change in the annual rate of inflation in November from the previous month.
Currently, EUR/USD is moving towards the key level of 1.21. Its next support zone is at 1.19800 and the next resistance zone is at 1.21800.
Look for buying opportunities of EUR/USD if it breaks above the key level of 1.21.
The eurozone CPI Flash Estimate y/y data released yesterday indicated no change in the annual rate of inflation in November from the previous month.
- CPI Flash Estimate y/y (Actual: -0.3%, Forecast: -0.2%, Previous: -0.3%)
- Core Flash Estimate y/y (Actual: 0.2%, Forecast: 0.2%, Previous: 0.2%)
Currently, EUR/USD is moving towards the key level of 1.21. Its next support zone is at 1.19800 and the next resistance zone is at 1.21800.
Look for buying opportunities of EUR/USD if it breaks above the key level of 1.21.
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