EURUSD
Last Friday, retail sales in the United States were flat in April, less than expected growth of 1%, which was not good for the Dollar but good for Euro. Euro rose 0.53% to 1.2145, the biggest gain in a week. After the weakening earlier this week, Wall Street rebounded on Thursday and Friday. The rise in risk appetite that underpins the US stock market also helped supports the value of Euro. From a technical point of view, the Euro weekly candle closed with a T-line, and the daily candle closed with a bullish candle with no tails. The market is obviously stabilizing. H4 graph shoes that the market is under the pressure of 1.2150. The indicator tends to be bullish. Overall prioritise operation on the influctuation zone. The deciding point whether to buy or sell is near 1.2150
Resistance：1.2150-1.2180-1.2250
Support：1.2100-1.2080-1.2050
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.
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