2020-08-19 18:12
Market analysisEUR/USD Outlook (19 August 2020)
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Market analysis：
Overall, EUR/USD is trending upwards. Recently, EUR/USD broke the resistance zone of 1.19000.
The eurozone final CPI y/y data will be released later at 1700 (SGT).
-Final CPI y/y (Forecast: 0.4%, Previous: 0.3%)
-Final Core CPI y/y (Forecast: 1.2%, Previous: 1.2%)
Currently, EUR/USD is moving towards the support zone of 1.19000 and the next resistance zone is at 1.22100.
Look for buying opportunities of EUR/USD if it bounces off the support zone of 1.19000.
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EUR/USD Outlook (19 August 2020)
Singapore | 2020-08-19 18:12Overall, EUR/USD is trending upwards. Recently, EUR/USD broke the resistance zone of 1.19000.
The eurozone final CPI y/y data will be released later at 1700 (SGT).
-Final CPI y/y (Forecast: 0.4%, Previous: 0.3%)
-Final Core CPI y/y (Forecast: 1.2%, Previous: 1.2%)
Currently, EUR/USD is moving towards the support zone of 1.19000 and the next resistance zone is at 1.22100.
Look for buying opportunities of EUR/USD if it bounces off the support zone of 1.19000.
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