EUR/USD Outlook (11 February 2020)

Overall, EUR/USD is trending downwards. Recently, EUR/USD trended lower.
European Central Bank Chairwomen Christine Lagarde will be delivering opening remarks at the presentation of the 2018 ECB Annual Report before the European Parliament later at 2200 (SGT). During this time, volatility is expected.
Currently, EUR/USD is moving towards the key level of 1.09. Its next support level is at 1.08720 and the next resistance level is at 1.10000.
Look for short-term selling opportunities of EUR/USD if it breaks below the key level of 1.09.