EUR/USD Outlook (5 December 2019)

Overall, EUR/USD is trending downwards. Recently, EUR/USD has been moving across.
The eurozone final employment change q/q data (Forecast: 0.1%, Previous: 0.1%) and revised GDP q/q data (Forecast: 0.2%, Previous: 0.2%) will be released later at 1800 (SGT). If the released data are better than (or worse than) forecasted, euro may strengthen (or weaken) respectively.
EUR/USD’s next support level is at 1.10100 and the next resistance level is at 1.11500.
Stay out of EUR/USD for now.