EUR/USD Outlook (27 December 2019)

Overall, EUR/USD is trending upwards. Recently, EUR/USD trended higher, breaking the key level of 1.11 upwards.
EUR/USD’s next support level is at 1.10100 and the next resistance level is at 1.11500.
As trading volume is low due to festive season, look for short-term buying opportunities of EUR/USD while at the same time noting that it is moving towards the resistance level of 1.11500.