Overall, EUR/USD is trending downwards. Recently, EUR/USD tested but failed to break above the key level of 1.17.
European Central Bank President Lagarde will be speaking later at the ECB Forum on Central Banking at 2345 (GMT+8). During this time, there may be volatility in EUR.
Currently, EUR/USD is moving towards the key level of 1.17. Its next support zone is at 1.16300 and the next resistance zone is at 1.17600.
Look for short-term selling opportunities of EUR/USD if it bounces down from the key level of 1.17.
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