EUR/USD Outlook (09 January 2020)

Overall, EUR/USD is moving across. Recently, EUR/USD trended lower, tested but failed to break the key level of 1.11 downwards.
The eurozone unemployment rate data (Forecast: 7.5%, Previous: 7.5%) will be released later at 1800 (SGT).
If the data is better than (or worse than) forecasted, euro may strengthen (or weaken) respectively.
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.