JinDao_Tai

EUR/USD Outlook (08 January 2020)

FX:EURUSD   歐元 / 美元
Overall, EUR/USD is moving across. Recently, EUR/USD trended lower after failing to break above the key level of 1.12.
The eurozone CPI flash estimate y/y data (Actual: 1.3%, Forecast: 1.3%, Previous: 1.0%) released was as forecasted.
Currently, EUR/USD is testing the support level of 1.11500 and the next resistance level is at 1.12800.
Stay out of EUR/USD for now.

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