#OPINIONLEADER#

ByJin Dao Tai

 MAY 11, 2021

Overall, EUR/USD is trending upwards.

The eurozone and German ZEW economic sentiment data will be released later at 1700 (SGT).

• Eurozone ZEW Economic Sentiment (Forecast: 68.0, Previous: 66.3)
• German ZEW Economic Sentiment (Forecast: 72.0, Previous: 70.7)

Currently, EUR/USD is testing the resistance zone of 1.21500 and the next support zone is at 1.19700.

Look for buying opportunities of EUR/USD if it breaks the resistance zone of 1.21500.