EUR/USD Outlook (23 September 2021)

#OPINIONLEADER#

ByJin Dao Tai

 SEP 23, 2021

Overall, EUR/USD is ranging across. Recently, EUR/USD bounced off the resistance zone of 1.17600 and broke below the key level of 1.17.

The French flash PMI data will be released later at 1515 (SGT).

• French Flash Manufacturing PMI (Forecast: 57.1, Previous: 57.5 revised from 57.3)
• French Flash Service PMI (Forecast: 56.1, Previous: 56.3 revised from 56.4)

The German Flash PMI data will be released later at 1530 (SGT).

• German Flash Manufacturing PMI (Forecast: 61.3, Previous: 62.6 revised from 62.7)
• German Flash Services PMI (Forecast: 60.3, Previous: 60.8 revised from 61.5)

The eurozone flash PMI data will be released later at 1600 (SGT).

• Flash Manufacturing PMI (Forecast: 60.4, Previous: 61.4 revised from 61.5)
• Flash Services PMI (Forecast: 58.4, Previous: 59.0 revised from 59.7)

EUR/USD’s next support zone is at 1.16300 and the next resistance zone is at 1.17600.

Look for selling opportunities of EUR/USD.