2020-08-17 17:11
Market analysisEUR/USD Outlook (17 August 2020)
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Market analysis：
Overall, EUR/USD is trending upwards. Recently, EUR/USD bounced up from the key level of 1.18.
The eurozone Flash GDP q/q data released last Friday indicated a continued decline in economic growth during the second quarter. The eurozone Flash Employment Change q/q data released indicated a further decline in employment.
-Flash Employment Change q/q (Actual: -2.8%, Forecast: NA, Previous: -0.2%)
-Flash GDP q/q (Actual: -12.1%, Forecast: -12.1%, Previous: -12.1%)
EUR/USD’s next support zone is at 1.17200 and the next resistance zone is at 1.19000.
Look for buying opportunities of EUR/USD.
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EUR/USD Outlook (17 August 2020)
Singapore | 2020-08-17 17:11Overall, EUR/USD is trending upwards. Recently, EUR/USD bounced up from the key level of 1.18.
The eurozone Flash GDP q/q data released last Friday indicated a continued decline in economic growth during the second quarter. The eurozone Flash Employment Change q/q data released indicated a further decline in employment.
-Flash Employment Change q/q (Actual: -2.8%, Forecast: NA, Previous: -0.2%)
-Flash GDP q/q (Actual: -12.1%, Forecast: -12.1%, Previous: -12.1%)
EUR/USD’s next support zone is at 1.17200 and the next resistance zone is at 1.19000.
Look for buying opportunities of EUR/USD.
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