EUR/USD Outlook (29 November 2019)

Overall, EUR/USD is trending downwards. Recently, EUR/USD has been ranging across within 40pips.
The eurozone CPI and employment data will be released later at 1800 (SGT).

CPI Flash Estimate y/y (Forecast: 0.8%, Previous: 0.7%)
Core CPI Flash Estimate y/y (Forecast: 1.2%, Previous: 1.1%)
Unemployment Rate (Forecast: 7.5%, Previous: 7.5%)

If the released data are better than or as forecasted, euro may strengthen.
Wait for the data release before looking for trade opportunities.
Currently, EUR/USD is testing the support level of 1.10100 and the next resistance level is at 1.11500.