Overall, EUR/USD is ranging across. Recently, EUR/USD bounced up from the key level of 1.13.

The series of eurozone flash PMI data releases yesterday indicated that business activities continue to expand. Also, the services sector in Germany has rebounded from contraction into expansion.

  • French Flash Manufacturing PMI (Actual: 53.1, Forecast: TBA, Previous: 55.6 revised from 54.9)
  • French Flash Service PMI (Actual: 55.5, Forecast: TBA, Previous: 57.0 revised from 57.1)
  • German Flash Manufacturing PMI (Actual: 60.5, Forecast: TBA, Previous: 57.4 revised from 57.9)
  • German Flash Services PMI (Actual: 52.2, Forecast: TBA, Previous: 48.7 revised from 48.4)
  • Flash Manufacturing PMI (Actual: 59.0, Forecast: TBA, Previous: 58.0)
  • Flash Services PMI (Actual: 51.2, Previous: 53.1 revised from 53.3)

Currently, EUR/USD is trading down towards the key level of 1.13. Its next support zone is at 1.12000 and the next resistance zone is at 1.13800.
Look for short-term selling opportunities of EUR/USD if it breaks below the key level of 1.13.


Be sure to follow me on Twitter at @jdtai and on TradingView at Jin_LCMSTraders for my latest post!

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By Jin Dao Tai

JinDao Tai is an Entrepreneur, Award-Winning Forex Coach & Trainer, International Speaker and Multi-Million Dollar Trader. Starting out his career as an economic & financial consultant in Australia, one day he decided to change his life and pivoted into multiple entrepreneurship endeavours and eventually into managing a multi-million dollar portfolio.

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