Overall, EUR/USD is ranging across. Recently, EUR/USD bounced off the support zone of 1.17900.
The German ZEW Economic Sentiment data (Actual: 39.0, Forecast: 45.0, Previous: 56.1) released yesterday indicated a sharp decline in optimism of the economic outlook of Germany due to the recent resurgence in the number of COVID-19 cases which led to a second round of national lockdown.
Currently, EUR/USD is bouncing off the support zone of 1.17900 and the next resistance zone is at 1.19800.
Look for short-term buying opportunities of EUR/USD.
The German ZEW Economic Sentiment data (Actual: 39.0, Forecast: 45.0, Previous: 56.1) released yesterday indicated a sharp decline in optimism of the economic outlook of Germany due to the recent resurgence in the number of COVID-19 cases which led to a second round of national lockdown.
Currently, EUR/USD is bouncing off the support zone of 1.17900 and the next resistance zone is at 1.19800.
Look for short-term buying opportunities of EUR/USD.