Euro rose moderately during the intraday session on Wednesday, reaching the highest point of 1.1970 and then fell back. USD is under pressure due to poor economic data. From the steady trend of the 10 Years US Treasury bond yields, the US dollar is less confident in further gains, while two-year US Treasury bond yields gave up some of the gains after the FOMC meeting. In the early hours of the morning, European Central Bank President Lagarde will deliver a speech. He made his dovish remarks on Monday and needs to watch out if he will release more dovish statement. From a technical perspective, the price of Euro on Wednesday is generally volatile. The daily candle is closed bearish. H4 graph shows that the rise of EURUSD get the support of the middle BOLL band, but other indicators are relatively stable and rebound is limited. Above 1.2000 becomes key position. Overall, prioritize Sell positions. Consider the support and resistance zones, the deciding point whether to buy or sell is near 1.2000.
Resistance：1.1970-1.2000-1.2050
Support：1.1900-1.1880-1.1850
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