filatovarthur

EUR/USD Outlook (04 January 2022)

Long
FX:EURUSD   Euro / U.S. Dollar
Overall, EUR/USD is ranging across. Recently, EUR/USD rejected the resistance zone of 1.13800 and broke below the key level of 1.13.

The eurozone final manufacturing PMI data (Actual: 58.0, Forecast: 58.0, Previous: 58.0) released yesterday indicated no change in the final release of the manufacturing PMI for December.

Currently, EUR/USD is testing to break above the key level of 1.13. Its next support zone is at 1.12000 and resistance zone of 1.13800.
Look for short-term buying opportunities of EUR/USD if it bounces down from the key level of 1.133.
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