Overall, EUR/USD is trending downwards. Recently, EUR/USD trended lower, breaking below the key level of 1.09000.
The euro zone Final Services PMI data (Forecast: 28.2, Previous: 28.4) will be released later at 1600 (SGT).
The euro zone services sector is forecasted to contract further last month. If the released data is worse than forecasted, euro may weaken further.
EUR/USD’s next support level is at 1.08000 and its next resistance level is at 1.10000.
The euro zone Final Services PMI data (Forecast: 28.2, Previous: 28.4) will be released later at 1600 (SGT).
The euro zone services sector is forecasted to contract further last month. If the released data is worse than forecasted, euro may weaken further.
EUR/USD’s next support level is at 1.08000 and its next resistance level is at 1.10000.