On Monday, Euro rose slightly, and USD fell. Europe said: The current inflation is not long-term, high inflation is related to the strong global recovery, and there is no need to overreact. The Federal Reserve stated that: concerns about rising inflation and tightening monetary policy have replaced concerns over the coronavirus and become the market's biggest concern.
From a technical perspective, Euro’s daily graph closed with small bullish candle and continues to fluctuate at a low level. H4 graph showed that EURUSD continues to operate around the channel. Euro is currently stable on middle BOLL band. MA formed a Golden Cross at the bottom position, and the RSI is slightly stronger. Overall, prioritise BUY within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point is near 1.1550.
Resistance：1.1600-1.1620-1.1650
Support：1.1550-1.1530-1.1500
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