EUR/USD Outlook (02 March 2022)

Overall, EUR/USD is ranging across. Recently, EUR/USD bounced off the resistance zone of 1.12000.

The eurozone CPI flash estimate y/y data will be released later at 1800 (GMT+8).
- CPI Flash Estimate y/y (Forecast: 5.6%, Previous: 5.1%)
- Core CPI Flash Estimate y/y (Forecast: 2.6%, Previous: 2.3%)

EUR/USD’s next support zone is at 1.11000 and the next resistance zone is at 1.12000.
Look for short-term selling opportunities of EUR/USD.