Jin_LCMSTraders

EUR/USD Outlook (16 December 2020)

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

The French flash PMI data will be released later at 1615 ( SGT ).
  • French Flash Service PMI (Forecast: 39.9, Previous: 38.8 revised from 38.0)
  • French Flash Manufacturing PMI (Forecast: 50.0, Previous: 49.6 revised from 49.1)

The German Flash PMI data will be released later at 1630 ( SGT ).
  • German Flash Services PMI (Forecast: 44.1, Previous: 46.0 revised from 46.2)
  • German Flash Manufacturing PMI (Forecast: 56.4, Previous: 57.8 revised from 57.9)
The eurozone flash PMI data will be released later at 1700 ( SGT ).
  • Flash Manufacturing PMI (Forecast: 53.0, Previous: 53.8 revised from 53.6)
  • Flash Services PMI (Forecast: 41.9, Previous: 41.7 revised from 41.3)
Currently, EUR/USD is moving towards the resistance zone of 1.21800 and the next support zone is at 1.19800.
With the ongoing negotiation of the post-Brexit trade deal, look for short-term buying opportunities of EUR/USD if it breaks the resistance zone of 1.21800.
🔴 MULTI-ACCOUNT MANAGING SERVICE: https://bit.ly/3pVo7RP
🟡 FOREX TRADING EDUCATION: https://bit.ly/3lavbpS
🟢 FOREX NEWS: https://bit.ly/3fBL1c6
🔵 FOREX TRADING FACEBOOK GROUP: https://bit.ly/39eELWA
🟣 FREE FOREX TRADE SIGNALS: https://bit.ly/3fzp4uk

Comments

New to trading. What's your opinion of Biden officially being elected today? Meaning stimulus for sure= inflation =weak dollar. During first stimulus major uptrend. I would think there would be the same. Then again not an economist. Thanks
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out