In the Asian session on Thursday, the EURUSD has not changed much for two days and is still hovering near 1.2180. Today the European Central Bank will announce the interest rate decision, and then the European Central Bank President Lagarde will hold a press conference. The European Central Bank's decision this week will have a significant impact on Euro, and the market expects that the European Central Bank will not slow down its bond purchases. From a technical perspective, the euro’s daily line continues to fluctuate at a high level and the market is waiting for the guidance from data. However, the H4 graph shows that the Bollinger bands are narrowing, MACD is around the 0 axis and the indicator tends to be bearish. Overall there is a high probability that the market will fluctuate at a small interval, prioritize entering and exiting the market quickly. The deciding point whether to buy or sell is near 1.2150.
Resistance ：1.2285-1.2220-1.2250
Support：1.2150-1.2100-1.2050
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.