EURUSD
In the Asian trading on Monday, the USD index was basically stable near 90.00, while Euro was at 1.2200. Investors will have NFP report this week. The dovish stance of the European Central Bank dominated the market, and the market believes that the European Central Bank will not announce a reduction in debt purchases at its monetary policy meeting on June 10. From a technical point of view, Euro’s weekly candle closes with a doji, while the daily candle operates around the middle BOLL band, and the price has returned to the previous fluctuation zone. The possibility of MACD fast and slow line rising again is greater. At the H4 graph, the overall trend showed a V-shaped reversal, and the price stabilized in the previous fluctuation zone giving EURUSD certain amount of support. MACD broke through the zero axis and continued to rise. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 1.2130.
Resistance：1.2210-1.2240-1.2270
Support：1.2170-1.2130-1.2100
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.