EUR/USD Outlook (23 September 2021)

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EUR/USD Outlook (23 September 2021)

ByJin Dao Tai

 SEP 23, 2021

EUR/USD Outlook (23 September 2021)

Overall, EUR/USD is ranging across. Recently, EUR/USD bounced off the resistance zone of 1.17600 and broke below the key level of 1.17.

The French flash PMI data will be released later at 1515 (SGT).

  • French Flash Manufacturing PMI (Forecast: 57.1Previous: 57.5 revised from 57.3)
  • French Flash Service PMI (Forecast: 56.1Previous: 56.3 revised from 56.4)

The German Flash PMI data will be released later at 1530 (SGT).

  • German Flash Manufacturing PMI (Forecast: 61.3Previous: 62.6 revised from 62.7)
  • German Flash Services PMI (Forecast: 60.3Previous: 60.8 revised from 61.5)

The eurozone flash PMI data will be released later at 1600 (SGT).

  • Flash Manufacturing PMI (Forecast: 60.4Previous: 61.4 revised from 61.5)
  • Flash Services PMI (Forecast: 58.4Previous: 59.0 revised from 59.7)

EUR/USD’s next support zone is at 1.16300 and the next resistance zone is at 1.17600.

Look for selling opportunities of EUR/USD.

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