Singapore
2020-07-07 15:58
Market analysisEUR/USD Outlook (06 July 2020)
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Market analysis:
Overall, EUR/USD is ranging across.
The eurozone Final Services PMI data (Actual: 48.3, Forecast: 47.3, Previous: 47.3) released last Friday indicated an improvement in the services sector for the second consecutive month and is close to the end of contraction.
The eurozone Retail Sales m/m data (Forecast: 15.0%, Previous: -11.7%) will be released later at 1700 (SGT).
EUR/USD’s next support zone is at 1.11900 and the next resistance zone is at 1.13700.
Look for short-term buying opportunities of EUR/USD up until the release of the U.S. ISM Non-Manufacturing PMI data at 2200 (SGT).
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EUR/USD Outlook (06 July 2020)
Singapore | 2020-07-07 15:58
Overall, EUR/USD is ranging across.
The eurozone Final Services PMI data (Actual: 48.3, Forecast: 47.3, Previous: 47.3) released last Friday indicated an improvement in the services sector for the second consecutive month and is close to the end of contraction.
The eurozone Retail Sales m/m data (Forecast: 15.0%, Previous: -11.7%) will be released later at 1700 (SGT).
EUR/USD’s next support zone is at 1.11900 and the next resistance zone is at 1.13700.
Look for short-term buying opportunities of EUR/USD up until the release of the U.S. ISM Non-Manufacturing PMI data at 2200 (SGT).
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