EUR/USD Outlook (18 June 2021)
ByJin Dao Tai
JUN 18, 2021
Overall, EUR/USD is trending downwards. Recently, EUR/USD broke the support zone of 1.19700.
The eurozone final CPI y/y data released yesterday indicated little change in the final release of the CPI data.
- Final CPI y/y (Actual: 2.0%, Forecast: 2.0%, Previous: 2.0%)
- Final Core CPI y/y (Actual: 1.0%, Forecast: 0.9%, Previous: 0.9%)
Currently, EUR/USD is testing to break below the key level of 1.19. Its next support zone is at 1.17900 and the next resistance zone is at 1.19700.
Look for selling opportunities of EUR/USD if it breaks below the key level of 1.19.
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