Overall, EUR/USD is trending downwards.

ECB President Lagarde will be speaking later at 1600 (GMT+8). During this time, there may be volatility in EUR.

Currently, EUR/USD is testing the support zone of 1.12000 and the next resistance zone is at 1.13900.
Look for short-term selling opportunities of EUR/USD if it breaks the support zone of 1.12000.

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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