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EUR/USD Outlook (05 January 2021)

FX:EURUSD   Euro / USA-dollar
Overall, EUR/USD is trending upwards. Recently, EUR/USD bounced down from the key level of 1.23.

Earlier today, Germany has extended their COVID-19 lockdown until 31 January in an effort to control the infection rate.

The Germany Unemployment Change data (Forecast: 10K, Previous: -39K) will be released later at 1655 (SGT).

EUR/USD’s next support zone is at 1.21800 and the next resistance zone is at 1.24800.
Look for short-term buying opportunities of EUR/USD.

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