EUR/USD Outlook (03 March 2020)

Overall, EUR/USD is moving across. Recently, EUR/USD trended higher, tested and rejected the resistance level of 1.11800.
The eurozone flash CPI estimate data will be released later at 1800 (SGT).

CPI Flash Estimate y/y data (Forecast: 1.4%, Previous: 1.4%)
Core CPI Flash Estimate y/y data (Forecast: 1.2%, Previous: 1.1%)

G7 meetings will be held today to discuss on the measures to deal with the economic impact of the coronavirus outbreak.
Currently, EUR/USD is moving towards the resistance level of 1.11800 and the next support level is at 1.10000.
If the released data are better than or as forecasted, look for buying opportunities of EUR/USD only after it breaks the resistance level of 1.11800.