EUR/USD Outlook (07 September 2021)

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EUR/USD Outlook (07 September 2021)

ByJin Dao Tai

 SEP 7, 2021

EUR/USD Outlook (07 September 2021)

Overall, EUR/USD is trending upwards. Recently, EUR/USD bounced off the resistance zone of 1.19000.

The eurozone and German ZEW Economic Sentiment data will be released later at 1700 (GMT+8).

  • Eurozone ZEW Economic Sentiment (Forecast: 35.3Previous: 42.7)
  • German ZEW Economic Sentiment (Forecast: 30.2Previous: 40.4)

Currently, EUR/USD is moving towards the resistance zone of 1.19000 and the next support zone is at 1.17600.

Look for buying opportunities of EUR/USD if it breaks the resistance zone of 1.19000.

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