EUR/USD Outlook (25 May 2021)

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EUR/USD Outlook (25 May 2021)

ByJin Dao Tai

 MAY 25, 2021

EUR/USD Outlook (25 May 2021)

Overall, EUR/USD is trending upwards. Recently, EUR/USD broke above the key level of 1.22.

The eurozone German ifo Business Climate data (Forecast: 98.2Previous: 96.8) will be released later at 1600 (SGT).

EUR/USD’s next support zone is at 1.21500 and the next resistance zone is at 1.23200.

Look for buying opportunities of EUR/USD.

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