EUR/USD Outlook (06 May 2021)
MAY 6, 2021
Overall, EUR/USD is trending upwards.
The eurozone Retail Sales m/m data (Forecast: 1.5%, Previous: 3.0%) will be released later at 1700 (SGT).
Currently, EUR/USD is bouncing off the support zone of 1.19700 and the next resistance zone is at 1.21500.
Look for buying opportunities of EUR/USD.
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