ByJin Dao Tai
APR 29, 2021
Overall, EUR/USD is trending upwards. Recently, EUR/USD trended into the resistance zone of 1.21500.
The German Preliminary CPI m/m data (Forecast: 0.5%, Previous: 0.5%) will be released today at a tentative timing.
Also, the German Unemployment Change data (Forecast: -10K, Previous: -8K) will be released later at 1555 (SGT).
EUR/USD’s next support zone is at 1.19700 and the next resistance zone is at 1.21500.
Look for short-term selling opportunities of EUR/USD.
Be sure to follow me on Twitter at @jdtai and on TradingView at Jin_LCMSTraders for my latest post!
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