Euro was under pressure in the Asian market on Tuesday. On Monday, Euro fell below the recent fluctuation zone, reaching the highest price at 1.1944, the lowest at 1.1902, and the closing at 1.1925 because the dollar rose as market sentiment worsen. European stocks fell, and Wall Street was also affected by the news that the EU will implement coronavirus passports for all EU citizens and residents. Robert Holzman of the European Central Bank said that given low inflation, there is no room for interest rate hikes. From a technical point of view, Euro fluctuates and weakened. The daily candle is closed bearish and there is pressure from top position. H1 graph shows retracement. This week the NFP data will be announced. Overall, priotiritise Sell on High on fluctuation zone. Consider the support and resistance zones, the deciding point whether to buy or sell is near 1.1890.
Resistance:1.1960-1.2000-1.2050
Support:1.1920-1.1890-1.1850
This material is from Quant Tech Limited and is being posted with permission from Quant Tech Limited. The views expressed in this material are solely those of the author and/or Quant Tech Limited and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.