EUR/USD Outlook (16 November 2021)
Overall, EUR/USD is trending downwards. Recently, EUR/USD broke below the key level of 1.14.
The eurozone flash employment change and GDP data will be released later at 1800 (GMT+8).
European Central Bank President Lagarde will be speaking tomorrow at 0010 (GMT+8). During this time, there may be volatility in EUR.
Currently, EUR/USD is testing the support zone of 1.13900 and the next resistance zone is at 1.15000.
Look for short-term selling opportunities of EUR/USD if it breaks the support zone of 1.13900.
The eurozone flash employment change and GDP data will be released later at 1800 (GMT+8).
- Flash Employment Change q/q (Forecast: 0.6%, Previous: 0.7% revised from 0.5%)
- Flash GDP q/q (Forecast: 2.2%, Previous: 2.2% revised from 2.0%)
European Central Bank President Lagarde will be speaking tomorrow at 0010 (GMT+8). During this time, there may be volatility in EUR.
Currently, EUR/USD is testing the support zone of 1.13900 and the next resistance zone is at 1.15000.
Look for short-term selling opportunities of EUR/USD if it breaks the support zone of 1.13900.
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