Euro / U.S. Dollar
Short

EUR/USD Outlook (21 January 2022)

237
Overall, EUR/USD is ranging across. Recently, EUR/USD bounced off the resistance zone of 1.13800.

The eurozone CPI y/y data released indicated no revision on inflation data from its preliminary release.
  • Final CPI y/y (Actual: 5.0%, Forecast: 5.0%, Previous: 5.0%)
  • Final Core CPI y/y (Actual: 2.6%, Forecast: 2.6%, Previous: 2.6%)


European Central Bank Chairman Lagarde will be speaking later at 2030 (GMT+8). During this time, there may be volatility in EUR.

Currently, EUR/USD is bouncing up from 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 only if it trades below the key level of 1.13.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.