Overall, EUR/USD is trending upwards.
The eurozone and German ZEW economic sentiment data released yesterday indicated a strong improvement in the economic outlook of Germany and the eurozone amid the slowing down of the third wave of the pandemic in the eurozone.
Currently, EUR/USD is testing the resistance zone of 1.21500 and the next support zone is at 1.19700.
Look for short-term selling opportunities of EUR/USD if it rejects the resistance zone of 1.21500.
The eurozone and German ZEW economic sentiment data released yesterday indicated a strong improvement in the economic outlook of Germany and the eurozone amid the slowing down of the third wave of the pandemic in the eurozone.
- Eurozone ZEW Economic Sentiment (Actual: 84.0, Forecast: 68.0, Previous: 66.3)
- German ZEW Economic Sentiment (Actual: 84.4, Forecast: 72.0, Previous: 70.7)
Currently, EUR/USD is testing the resistance zone of 1.21500 and the next support zone is at 1.19700.
Look for short-term selling opportunities of EUR/USD if it rejects the resistance zone of 1.21500.