ByJin Dao Tai
JUN 7, 2021
Overall, EUR/USD is ranging across. Recently, EUR/USD strengthened after the release of the weaker than expected U.S. jobs report.
The eurozone Retail Sales m/m data (Actual: -3.1%, Forecast: -1.4%, Previous: 3.3% revised from 2.7%) released last Friday indicated a decline in consumer spending in April.
Currently, EUR/USD is testing the support zone of 1.21500 and the next resistance zone is at 1.23200.
Look for short-term buying opportunities of EUR/USD if it rejects the support zone of 1.21500.
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