ByJin Dao Tai
JUL 2, 2021
Overall, EUR/USD is trending downwards.
During her speech yesterday, European Central Bank President Lagarde expressed optimism in the economic outlook of eurozone, highlighting that the speedy progress in vaccination programmes has lowered the chance of facing severe scenarios. This led to the strengthening of EUR during the day.
European Central Bank President Lagarde will be speaking later at 2030 (GMT+8). During this time, there may be volatility in EUR.
Currently, EUR/USD is testing the support zone of 1.18500 and the next resistance zone is at 1.20000.
If EUR/USD breaks the support zone of 1.18500, look for short-term selling opportunities up until the release of the U.S. jobs report at 2030 (GMT+8).
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