EUR/USD Outlook (06 May 2021)

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EUR/USD Outlook (06 May 2021)

ByJin Dao Tai

 MAY 6, 2021

EUR/USD Outlook (06 May 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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