ByJin Dao Tai
AUG 16, 2021
Overall, EUR/USD is ranging across. Recently, EUR/USD broke the resistance zone of 1.17600 due to the weakening of USD after the release of the poor Preliminary UoM Consumer Sentiment data.
Currently, EUR/USD is testing to break above the key level of 1.18. Its next support zone is at 1.17600 and the next resistance zone is at 1.19000.
Look for short-term buying opportunities of EUR/USD if it breaks above the key level of 1.18.
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