EURUSD
On Friday, the euro continued to rise to a daily high of 1.2240 in the Asian session. Data from the Eurozone showed that the Consumer Price Index (CPI) stabilized at 1.6% year-on-year in April, in line with expectations. The US data is poor and the sharp drop in US Treasury yields have put additional pressure on the dollar. In the absence of important fundamental drivers, the risky and positive market environment makes it difficult for the dollar to continue to find demand, and the euro benefits. From a technical point of view, the euro’s daily line continues to rise. In the short term, it will continue to walk out of a new high structure. H4 graph rise is currently blocked at 1.2245, the indicators are bullish across the board. Overall prioritise Buy on Low on the fluctuation zone. The deciding point whether to buy or sell is near 1.2245
Resistance：1.2245-1.2270-1.2330
Support：1.2200-1.2160-1.2120
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.