On Friday, Euro hit a new low of 1.1807 and then rebounded. The June’s non-agricultural (NFP) data showed mixed performance. The number of jobs was better than expected, but the unemployment rate rose. There is the largest number of new jobs in more than 10 months, and companies raising salaries and providing incentives are the first signs that labor shortages are beginning to ease. Lagarde said: Euro Zone has not yet achieved a sustainable recovery, and the rise in inflation is only temporary, and the medium-term inflation will stabilize below the target. It implied that it was not ready to end the emergency bond purchase PEPP. From a technical point of view, Euro’s weekly candle fluctuates within a large interval. The daily candle weakened and there is signs of bottoming. MA converge short term, but the MACD shows no signs of weakening. Overall prioritise Sell on High on the fluctuation zone. The deciding point whether to buy or sell is near 1.1870.
Resistance：1.1870-1.1910-1.1950
Support：1.1840-1.1810-1.1750
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