Euro closed at 1.1860 on Monday, basically the same as last Friday's close. Due to the reduction in trading volume due to the US holiday, the subsequent decline was also contained. Markit announced the EU's June service industry PMI final value. Germany's index was revised down to 57.5, while the index for the entire European Union was better than expected, reaching 58.3. The Sentix Investor Confidence Index released by the European Union rose from 28.1 to 29.8 in July, but it fell short of the expected 30. Because the spread of the new coronavirus variants has made people doubt the return to normal, market sentiment is relatively negative. From a technical point of view, EURUSD was under pressure. H4 graph shows a weakening followed by a rebound and the market is currently sideways. Indicator is passive. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 1.1880.
Resistance: 1.1880-1.1910-1.1950
Support：1.1840-1.1810-1.1750
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