EURUSD
Euro rose to the 1.2100 area on Thursday in the U.S. market, but then weakened hitting the lowest point 1.2051 which is this week's low, followed by a rebound to around 1.2087. The European Central Bank (ECB) pointed out on Thursday that the market is showing an increase in inflation expectations and inflation concerns in Europe are different from those in the United States. From a technical point of view, the daily candle of Euro is under obvious pressure, and it closes with a hammer pattern. In the short term, Euro is tends to weaken with the possibility that the 1.2050 area will continue to be tested. The H4 graph shows that Euro has repeatedly formed small channels within the interval, continue to operate around the lower band of BOLL. Other indicators are relatively neutral. Overall prioritise operation on the fluctuation zone, the deciding point whether to buy or sell is near 1.2050.
Resistance：1.2110-1.2150-1.2180
Support：1.2050-1.2025-1.2000
Disclaimer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk
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