EURUSD
In the Asian session on Thursday, Eurusd fluctuated around 1.2200. In the context of US inflation concerns and optimistic economic data, US Treasury yields remained at a high level. The world's biggest concern is always inflation. After the US inflation warning, Germany also raised the alarm. Germany has always been a benchmark for low inflation, but data shows that Germany's inflation level has also exceeded the 2% level of the European Central Bank. The actual inflation level may be even worse than announced. From a technical point of view, the candle line of Euro day closed with the doji. The bulls still faces a choice of direction. H4 graph shows the Bollinger band upper and lower rails are narrowed, and the MACD zero axis operate on the dead cross. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 1.2160.
Resistance：1.2240-1.2260-1.2300
Support：1.2180-1.2160-1.2130
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.