EUR/USD Outlook (26 November 2019)

Overall, EUR/USD is trending downwards. Recently, EUR/USD trended lower after the overall weaker eurozone PMI data were released last Friday.

Flash Manufacturing PMI (Actual: 46.6, Forecast: 46.4, Previous: 45.9 revised from 45.7)
Flash Services PMI (Actual: 51.5, Forecast: 52.4, Previous: 52.2 revised from 51.8)

Currently, EUR/USD is testing the support level of 1.10100 and the next resistance level is at 1.11500.
Look for selling opportunities of EUR/USD after it breaks the support level.