In the Asian session on Wednesday, the US dollar index was stable, and Euro closed at 1.2180. The United States added 559,000 jobs in May, and the U3 unemployment rate also fell to 5.8%, the lowest point since this round of economic recovery.
Currently the market is stable and is still waiting for the US inflation data and the European Central Bank meeting to be released on Thursday. The market predicts that the European Central Bank Council will retain the wording that the pace of asset purchases will be significantly accelerated compared with the beginning of the year.
From a technical point of view, Euro’s daily line is stable, and it is currently located near the MA5 and middle band of the bollinger band.
H4 graph showed a certain degree of movement, but the structure lacked the strength to change the market, and the indicator was relatively neutral. The market is waiting for the guidance from data, for now prioritise operation on fluctuation zones. The deciding point whether to buy or sell is near 1.2160
Resistance point ：1.2200-1.2230-1.2265
Support point ：1.2160-1.2130-1.2100
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.