EUR/USD Outlook (04 February 2020)
2020-02-04 12:58:00
Overall, EUR/USD is trending downwards. Recently, EUR/USD tested but failed to break the resistance level of 1.10800.
The eurozone final manufacturing PMI data (Actual: 47.9, Forecast: 47.8, Previous: 47.8) released yesterday was better than forecasted.
EUR/USD’s next support level is at 1.09000 and the next resistance level is at 1.10800.
Look for selling opportunities of EUR/USD.