Overall, EUR/USD is trending downwards.
The series eurozone flash PMI data released yesterday indicated that business activities expanded at a faster pace in France, Germany and the eurozone as a whole as opposed to the forecasted slowdown in expansion.
The German ifo Business Climate data (Forecast: 96.8, Previous: 97.7) will be released later at 1700 (GMT+8).
Currently, EUR/USD is moving towards the support zone of 1.12000 and the next resistance zone is at 1.13900.
Look for short-term selling opportunities of EUR/USD only if it breaks the support zone of 1.12000.
The series eurozone flash PMI data released yesterday indicated that business activities expanded at a faster pace in France, Germany and the eurozone as a whole as opposed to the forecasted slowdown in expansion.
- French Flash Manufacturing PMI (Actual: 54.6, Forecast: 53.1, Previous: 53.6 revised from 53.5)
- French Flash Service PMI (Actual: 58.2, Forecast: 55.1, Previous: 56.6)
- German Flash Manufacturing PMI (Actual: 57.6, Forecast: 56.6, Previous: 57.8 revised from 58.2)
- German Flash Services PMI (Actual: 53.4, Forecast: 51.4, Previous: 52.4)
- Flash Manufacturing PMI (Actual: 58.6, Forecast: 57.2, Previous: 58.3 revised from 58.5)
- Flash Services PMI (Actual: 56.6, Forecast: 53.6, Previous: 54.6 revised from 54.7)
The German ifo Business Climate data (Forecast: 96.8, Previous: 97.7) will be released later at 1700 (GMT+8).
Currently, EUR/USD is moving towards the support zone of 1.12000 and the next resistance zone is at 1.13900.
Look for short-term selling opportunities of EUR/USD only if it breaks the support zone of 1.12000.