ByJin Dao Tai
MAY 11, 2021
Overall, EUR/USD is trending upwards.
The eurozone and German ZEW economic sentiment data will be released later at 1700 (SGT).
- Eurozone ZEW Economic Sentiment (Forecast: 68.0, Previous: 66.3)
- German ZEW Economic Sentiment (Forecast: 72.0, Previous: 70.7)
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 the resistance zone of 1.21500.
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