EUR/USD Outlook (25 May 2021)

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EUR/USD Outlook (25 May 2021)

ByJin Dao Tai

 MAY 25, 2021

EUR/USD Outlook (25 May 2021)

Overall, EUR/USD is trending upwards. Recently, EUR/USD broke above the key level of 1.22.

The eurozone German ifo Business Climate data (Forecast: 98.2Previous: 96.8) will be released later at 1600 (SGT).

EUR/USD’s next support zone is at 1.21500 and the next resistance zone is at 1.23200.

Look for buying opportunities of EUR/USD.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

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