Euro rose slightly on Thursday and is currently stable at around 1.1930. The European Central Bank is not optimistic about economic growth and will open more easing policies at any time. It implies that it does not want Euro to rise too much. At the same time, the Fed expects to raise interest rates and the US dollar made an upward breakthrough causing Euro to be under pressure. The previous value of the German IFO Business Climate Index in June: 99.2, the predicted value: 100.7, the actual value: 101.8. The report on initial unemployment claims in the United States is relatively poor. From a technical point of view, the volatility of Euro’s daily candle is relatively small, and the resistance are obvious. H4 graph shows that the short-term trend remains bullish, but the long-term trend seems to show pressure. EURUSD candle continue to fluctuate above the middle Bollinger band while other indicators remain neutral. 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：1.1890-1.1850-1.1800
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