No important economic data was released on Monday, and the trend of EURUSD was relatively stable. Last Friday, the US dollar index showed an overall upward trend, and Euro was under pressure. Note that the European Central Bank completed its strategic assessment this month and will adjust its guidance on key instruments including interest rates on July 22. The assessment raised the central bank’s inflation target and included a commitment to provide particularly strong or sustained support when interest rates approach their lower limit. From a technical point of view, Euro continued its fluctuation on Friday. Weekly candle was closed with a long bearish candle, there is a high probability that Euro will continue to drop. H4 graph shows a triangle pattern and indicator tends to be bearish. Overall prioritise Sell on High on fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 1.1820.
Resistance：1.1820-1.1850-1.1880
Support：1.1790-1.1770-1.1700
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