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Overall, EUR/USD is ranging across. Recently, EUR/USD bounced down from the key level of 1.19. The German ZEW Economic Sentiment data (Actual: 77.4, Forecast: 69.7, Previous: 71.5) released yesterday indicated an unexpected increase in investors’ level of optimism in the German economy. EUR/USD’s next support zone is at 1.17800 and the next resistance zone is at 1.19700. Look for buying opportunities of EUR/USD.