On Monday, the U.S. dollar fell from a two-month high, and the U.S. dollar was extremely
overbought because the market believed that the Fed’s position had disturbed the short-term market balance. Euro regained some lost ground and reached an intraday high of 1.1920. European Central Bank President Lagarde said that with the improvement of the epidemic situation, the economic prospects of the Euro Zone are improving, but still need to remain vigilant, adding that austerity policies are still too early. From a technical point of view, after forming 3 bullish candles, Euro rebounded for the first time which can be seen as correction. H4 graph shows that 1.1930 is a strong short-term resistance point. If Euro manage to stabilise at this point, then it might be able to strengthen to 1.2000. However, indicator remains bearish. Overall prioritise Sell orders. The deciding point whether to buy or sell is near 1.1930.
Resistance：1.1930-1.1955-1.2000
Support：1.1880-1.1850-1.1800
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