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.


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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