Wednesday, February 21, 2024

In what direction should EURUSD trade today, November 15?

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EUR/USD

Support / Resistance: 1.0310 - 1.0440

A series of economic data for the Eurozone is expected today. Among the most important Eurozone Gross Domestic Product data at 6:00 AM ET.
At the same time, the ZEW Survey - Economic Sentiment (Nov) for the Eurozone and Germany is expected, as well as the ZEW Survey - Current Situation (Nov) for Germany.
At 9:30 AM ET, US Producer Price Index ex Food & Energy data is expected, with inflation expected to remain at 7.2%.
The expectations for today are that the trend started on Thursday will continue. We expect EUR/USD to test levels above 1.0420.

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