2020-08-28 17:05
Market analysisEUR/USD Outlook (28 August 2020)
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Market analysis：
Overall, EUR/USD is ranging across.
The French preliminary CPI m/m and GDP q/q data will be released later at 1445 (SGT).
-French Preliminary CPI m/m (Forecast: -0.2%, Previous: 0.4%)
-French Preliminary GDP q/q (Forecast: -13.8%, Previous: -13.8%)
Today is the second day of the Jackson Hole Symposium. During this time, volatility is expected.
With the risk-on rally sparked by the FOMC’s adoption of Average Inflation Targeting and the optimistic view of the U.S. economy, EUR/USD’s next support zone is at 1.17200 and the next resistance zone is at 1.19200.
Look for short-term buying opportunities of EUR/USD.
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EUR/USD Outlook (28 August 2020)
Singapore | 2020-08-28 17:05Overall, EUR/USD is ranging across.
The French preliminary CPI m/m and GDP q/q data will be released later at 1445 (SGT).
-French Preliminary CPI m/m (Forecast: -0.2%, Previous: 0.4%)
-French Preliminary GDP q/q (Forecast: -13.8%, Previous: -13.8%)
Today is the second day of the Jackson Hole Symposium. During this time, volatility is expected.
With the risk-on rally sparked by the FOMC’s adoption of Average Inflation Targeting and the optimistic view of the U.S. economy, EUR/USD’s next support zone is at 1.17200 and the next resistance zone is at 1.19200.
Look for short-term buying opportunities of EUR/USD.
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