EURUSD
On Wednesday, EURUSD was under pressure and fell to 1.2218. Eurozone bond yields continued to decline on Wednesday. The market was boosted by the latest signal from the European Central Bank. German 10-year government bond yield fell below -0.20% for the first time since May 11, Italian bond yields fell for the longest consecutive period since July 2020. As Treasury bond yields decline, at the same time the USD index rebounded from a four-and-a-half-month low, and Euro bulls were hit hard. From a technical point of view, Euro’s daily line is overcast. The return of the USD has significantly suppressed Euro. H4 graph structure fluctuated between 1.2270 and 1.2160. MA indicator appeared high dead cross and the relative strength indicator RSI dropped by 50. Overall prioritise sell on high the fluctuation zone. The deciding point whether to buy or sell is near 1.2160.
Resistance：1.2220-1.2250-1.2270
Support：1.2160-1.2125-1.2100
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.