Overall, EUR/USD is trending downwards. Recently, EUR/USD tested but failed to break the key level of 1.10 downwards.
The eurozone unemployment rate data (Forecast: 7.5%, Previous: 7.5%) will be released later at 1800 (SGT).
If the released data is better than (or worse than) forecasted, euro may strengthen (or weaken) respectively.
EUR/USD’s next support level is at 1.09000 and the next resistance level is at 1.10800.
Look for selling opportunities of EUR/USD if it breaks the key level of 1.10 downwards.
The eurozone unemployment rate data (Forecast: 7.5%, Previous: 7.5%) will be released later at 1800 (SGT).
If the released data is better than (or worse than) forecasted, euro may strengthen (or weaken) respectively.
EUR/USD’s next support level is at 1.09000 and the next resistance level is at 1.10800.
Look for selling opportunities of EUR/USD if it breaks the key level of 1.10 downwards.
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