EURUSD
On Thursday, Euro maintained its downward trend and failed to stabilize at the 1.2200. After the US data was released, the dollar fluctuated and fell. U.S. stock market opened up and closing down from high, but all three indexes rose. U.S. government bond yields rose, and 10-year Treasury bond yields rebounded to the current 1.62%. US President Biden's plan to increase spending has boosted this optimism and Euro is under pressure. From a technical point of view, Euro closed at a high Doji on the daily line, and the market performed relatively moderately throughout the day. The daily candle leaves more upper leads in H4 graph, which indicates that the continuous punching height is suppressed, and the MA dead fork still runs around the lower Boll band. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 1.2160.
Resistance：1.2215-1.2240-1.2270
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.