EUR/USD Outlook (02 June 2020)
Overall, EUR/USD is trending upwards. Recently, EUR/USD has been ranging across within the resistance zone of 1.11200.
The eurozone Final Manufacturing PMI data (Actual: 39.4, Forecast: 39.5, Previous: 39.5) released yesterday indicated continued contraction in the manufacturing sector in May.
Currently, EUR/USD is testing the resistance zone of 1.11200 and the next support zone is at 1.09700.
Look for buying opportunities of EUR/USD if it breaks the resistance zone of 1.11200.
The eurozone Final Manufacturing PMI data (Actual: 39.4, Forecast: 39.5, Previous: 39.5) released yesterday indicated continued contraction in the manufacturing sector in May.
Currently, EUR/USD is testing the resistance zone of 1.11200 and the next support zone is at 1.09700.
Look for buying opportunities of EUR/USD if it breaks the resistance zone of 1.11200.
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