ByJin Dao Tai
JUL 6, 2021
Overall, EUR/USD is trending downwards.
The eurozone and German ZEW Economic Sentiment data will be released later at 1700 (GMT+8).
- ZEW Economic Sentiment (Forecast: 79.0, Previous: 81.3)
- German ZEW Economic Sentiment (Forecast: 75.0, Previous: 79.8)
Also at the same time, the eurozone Retail Sales m/m data (Forecast: 4.3%, Previous: -3.1%) will be released.
Currently, EUR/USD is testing the support zone of 1.18500 and the next resistance zone is at 1.20000.
Look for short-term selling opportunities of EUR/USD if it breaks the support zone of 1.18500.
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