EURUSD
On Wednesday, the Eur/ Usd rushed higher and fell back. It is currently fluctuating around 1.2180. The market has raised expectations for the eurozone vaccination plan, reopening, and the pace of potential euro area growth recovery, while Inflation expectations in the Eurozone are also growing and have reached their highest levels since 2018. The market suspects that as long as this indicator rises steadily, the European Central Bank is unlikely to have a strong rebound against the strength of the euro. From a technical point of view, the euro closes the daily bardo. The price of the day continues to rise first, then the price hits the previous high and then falls under pressure. There was a risk of falling in H4 graph, the upward trend remained unchanged, and the indicators showed some pressure bearing signs. Overall prioritise Sell on High on the fluctuation zone. The deciding point whether to buy or sell is near 1.2150.
Resistance：1.2200-1.2230-1.2500
Support：1.2150-1.2100-1.2050
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.