EUR/USD Outlook (1 November 2019)

Overall, EUR/USD has been trending upwards. Recently, EUR/USD is trending upwards.

The Eurozone CPI, GDP and employment data released yesterday were mixed.

CPI Flash Estimate y/y (Actual: 0.7%, Forecast: 0.7%, Previous: 0.9%)
Preliminary Flash GDP q/q (Actual: 0.2%, Forecast: 0.1%, Previous: 0.2%)
Unemployment Rate (Actual: 7.5%, Forecast: 7.4%, Previous 7.5% revised from 7.4%)

EUR/USD’s next support level is at 1.10750 and the next resistance level is at 1.12400.