EUR/USD Outlook (29 June 2021)

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EUR/USD Outlook (29 June 2021)

ByJin Dao Tai

 JUN 29, 2021

EUR/USD Outlook (29 June 2021)

Overall, EUR/USD is trending downwards. Recently, EUR/USD bounced up from the key level of 1.19.

The German Preliminary CPI m/m data (Forecast: 0.4%Previous: 0.5%) will be released today at a tentative timing.

European Central Bank President Lagarde will be speaking later at 2140 (GMT+8). During this time, there may be volatility in EUR.

EUR/USD‘s next support zone is at 1.18500 and the next resistance zone is at 1.20000.

Look for selling opportunities of EUR/USD only after it breaks below the key level of 1.19.

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