ByJin Dao Tai
JUL 14, 2021
Overall, EUR/USD is trending downwards. Recently, EUR/USD broke the support zone of 1.18200 after the release of the strong U.S. CPI inflation data.
French banks will be closed today in observance of National Day. Expect slightly lower than usual trading volatility and volume during the European market hours.
EUR/USD’s next support zone is at 1.16300 and the next resistance zone is at 1.18200.
Look for short-term selling opportunities of EUR/USD.
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