ByJin Dao Tai
AUG 18, 2021
Overall, EUR/USD is ranging across. Recently, EUR/USD broke the support zone of 1.17600.
The eurozone flash employment change q/q data released yesterday indicated a rebound in employment during the second quarter. The GDP q/q data released indicated continued growth in the economy at the same pace during the second quarter.
- Flash Employment Change q/q (Actual: 0.5%, Forecast: 0.2%, Previous: -0.2% revised from -0.3%)
- Flash GDP q/q (Actual: 2.0%, Forecast: 2.0%, Previous: 2.0%)
EUR/USD’s next support zone is at 1.16300 and the next resistance zone is at 1.17600.
Look for short-term buying opportunities of EUR/USD.
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