Overall, EUR/USD is trending upwards. Recently, EUR/USD bounced off the support zone of 1.17900.
The series of eurozone flash PMI data released last Friday indicated that the services sector contracted in October as a result of the reimposed COVID-19 restrictions while the manufacturing sector was little changed.
In an effort to aid the EU in striking a trade deal with the UK, French President Emmanuel Macron is willing to compromise France’s fishing industry with a smaller fishing quota.
EUR/USD’s next support zone is at 1.17900 and the next resistance zone is at 1.19800.
Look for buying opportunities of EUR/USD.
The series of eurozone flash PMI data released last Friday indicated that the services sector contracted in October as a result of the reimposed COVID-19 restrictions while the manufacturing sector was little changed.
- French Flash Services PMI (Actual: 46.5, Forecast: 47.0, Previous: 47.5)
- French Flash Manufacturing PMI (Actual: 51.0, Forecast: 51.3, Previous: 51.2 revised from 50.9)
- German Flash Services PMI (Actual: 48.9, Forecast: 49.6, Previous: 50.6 revised from 49.1)
- German Manufacturing PMI (Forecast: 58.0, Previous: 56.4 revised from 56.6)
- Flash Manufacturing PMI (Actual: 54.4, Forecast: 53.0, Previous: 53.7)
- Flash Services PMI (Actual: 46.2, Forecast: 47.1, Previous: 48.0 revised from 47.6)
In an effort to aid the EU in striking a trade deal with the UK, French President Emmanuel Macron is willing to compromise France’s fishing industry with a smaller fishing quota.
EUR/USD’s next support zone is at 1.17900 and the next resistance zone is at 1.19800.
Look for buying opportunities of EUR/USD.
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