In the Asian session on Friday, the US dollar index was stable at 90, and the Euro was up slightly near 1.2190. The European Central Bank announced its latest interest rate resolution and monetary policy statement overnight, announcing that it will keep the three main interest rates unchanged. The central bank expects that interest rates will remain at current levels or lower until the inflation outlook converges firmly within the forecast range to a level close enough but below 2% and plans for emergency bond purchases (PEPP) to continue through at least March 2022. The European Central Bank confirmed the PEPP's size of 1.85 trillion Euros. From a technical point of view, the daily candle of Euro shows a bit of a rise, which provides an opportunity for the market outlook to advance. The H4 graphs forms a rectangle pattern, market sentiment is improving, and indicator tends to be bullish. Overall prioritise Buy on Low on fluctuation zone. The deciding point whether to buy or sell is near 1.2200.
Resistance Point ：1.2200-1.2220-1.2260
Support point：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.