EUR/USD Outlook (08 January 2020)
2020-01-08 12:56:00
Overall, EUR/USD is moving across. Recently, EUR/USD trended lower after failing to break above the key level of 1.12.
The eurozone CPI flash estimate y/y data (Actual: 1.3%, Forecast: 1.3%, Previous: 1.0%) released was as forecasted.
Currently, EUR/USD is testing the support level of 1.11500 and the next resistance level is at 1.12800.
Stay out of EUR/USD for now.