EUR/USD Outlook (19 December 2019)

Overall, EUR/USD is trending upwards. Recently, EUR/USD trended lower after failing to break the resistance level of 1.11500.
The eurozone final CPI y/y data released were as forecasted.

Final CPI y/y (Actual: 1.0%, Forecast: 1.0%, Previous: 1.0%)
Final Core CPI y/y (Actual: 1.3%, Forecast: 1.3%, Previous: 1.3%)

Currently, EUR/USD is moving towards the resistance level of 1.11500 and the next support level is at 1.10100.
Stay out of EUR/USD for now.