EUR/USD Outlook (6 November 2019)

Overall, EUR/USD has been trending upwards. Recently, EUR/USD trended lower, breaking the key level of 1.11.
The eurozone final services PMI data (Forecast: 51.8, Previous 51.8) will be released at 1700 (SGT). If the released data is worse than forecasted, euro may weaken and selling opportunities of EUR/USD may be available.
EUR/USD’s next support level is at 1.09000 and the next resistance level is at 1.11500.