On Tuesday in the Euro session, Euro rebounded strongly to 1.1867. The European Central Bank set a new inflation target on Thursday and made important adjustments in response to climate change. Since the inflation rate has failed to reach the target in the past 10 years, Lagarde conducted an 18-month in-depth study of internal operations to re-formulate strategies and enhance credibility. As the key to the strategic assessment, the European Central Bank set its mid-term inflation target to 2%. Previously, the bank’s target was “close to but less than 2%”. From a technical point of view, Euro rebounded but it is still in a downward trend. H4 graph shows that EURUSD returned to 1.1880-1.1800. MA shows signs of recovery, but downward channel remains intact. Overall prioritise Sell on High on fluctuation zone. The deciding point whether to buy or sell is near 1.1800.
Resistance：1.1860-1.1880-1.1920
Support：1.1800-1.1780-1.1750
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