EUR/USD Outlook (12 August 2021)

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EUR/USD Outlook (12 August 2021)

ByJin Dao Tai

 AUG 12, 2021

EUR/USD Outlook (12 August 2021)

Overall, EUR/USD is trending downwards. Recently, EUR/USD strengthened after the release of the U.S. CPI data that signifies a slowdown in inflation.

EUR/USD’s next support zone is at 1.16300 and the next resistance zone is at 1.18200.

Look for short-term buying opportunities of EUR/USD.

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