EUR/USD Outlook (8 November 2019)
2019-11-08 13:38:53
Overall, EUR/USD is ranging across. Recently, EUR/USD trended lower, breaking the key level of 1.11.
In the EU economic forecasts released yesterday, the Commission lowered the euro zone growth forecasts for next year from 1.5% to 1.2%.
Look for selling opportunities of EUR/USD.
EUR/USD’s next support level is at 1.09000 and the next resistance level is at 1.11500.