EURUSD
USD weakened on Monday. Euro hit an intraday high of 1.2229 when it continued to rise in the U.S. market, and then fell back to close to 1.2216. Holidays in Europe and Canada will slow down the volatility of major currency pairs, and the decline in the yield of the USD and US Treasury bond is also the main driving force for Euro. Yesterday the European Union did not release macroeconomic data, while the Chicago Fed National Activity Index released by the US in April was 0.24, lower than the previous 1.71. From a technical point of view, Euro’s daily structure is complete, and the bulls have a chance to break through the recent highs. H4 graph shows the formation of a rectangle structure, and the indicator shows bullish sentiment. Overall prioritise buy on low the fluctuation zone. The deciding point whether to buy or sell is near 1.2250.
Resistance：1.2245-1.2275-1.2300
Support：1.2200-1.2170-1.2100
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.