EUR/USD Outlook (16 March 2022)
Overall, EUR/USD is trending downwards.
The eurozone ZEW Economic Sentiment data (Actual: -38.7, Forecast: 10.3, Previous: 48.6) released yesterday indicated a strong decline in the surveyed analysts’ view on the economic outlook for the eurozone.
EUR/USD’s next support zone is at 1.10700 and the next resistance zone is at 1.10000.
Look for short-term selling opportunities of EUR/USD.
The eurozone ZEW Economic Sentiment data (Actual: -38.7, Forecast: 10.3, Previous: 48.6) released yesterday indicated a strong decline in the surveyed analysts’ view on the economic outlook for the eurozone.
EUR/USD’s next support zone is at 1.10700 and the next resistance zone is at 1.10000.
Look for short-term selling opportunities of EUR/USD.
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