EUR/USD Outlook (04 January 2022)

Overall, EUR/USD is ranging across. Recently, EUR/USD rejected the resistance zone of 1.13800 and broke below the key level of 1.13.

The eurozone final manufacturing PMI data (Actual: 58.0, Forecast: 58.0, Previous: 58.0) released yesterday indicated no change in the final release of the manufacturing PMI for December.

Currently, EUR/USD is testing to break above the key level of 1.13. Its next support zone is at 1.12000 and resistance zone of 1.13800.
Look for short-term selling opportunities of EUR/USD if it bounces down from the key level of 1.13.

My bias is bearish too at the moment