Overall, EUR/USD is ranging across. Recently, EUR/USD trended lower, breaking the key level of 1.11. In the EU economic forecasts released yesterday, the Commission lowered the euro zone growth forecasts for next year from 1.5% to 1.2%. Look for selling opportunities of EUR/USD. EUR/USD’s next support level is at 1.09000 and the next resistance level is at 1.11500.