In the U.S. market on Tuesday, USD index fluctuated higher and Euro fell. Due to the rebound in manufacturing activity in the United States in May, there is an increase in demand and orders. The European environment is relatively good, the stock market rose, and the German DAX index hit a record high. US Treasury yields soared as inflation concerns intensified in the US. It is worth noting that today the European Union will announce the April Producer Price Index (PPI), and European Central Bank President Lagarde will also deliver a speech. From a technical point of view, euro continued to fluctuate in a short term, and showed obvious performance in the upper range of 1.2200. H4 graph show the formation of a complete head and shoulders pattern, and the indicators show a need for correction. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 1.2200.
Resistance：1.2230-1.2260-1.2300
Support：1.2200-1.2170-1.2130
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.