On Thursday, Euro rose slightly to 1.1790. The European Central Bank launched a two-day meeting on Wednesday (July 21). Policy committee members need to decide on the impact of the latest monetary policy strategy on short-term policies, which may be debated fiercely. The market is waiting for the European Central Bank's interest rate decision on Thursday. After the European Central Bank President Lagarde announced the adjustment of the outlook last week, the market expected the release of a dovish statement. From a technical point of view, Euro’s daily candle is closed bullish but there is a signal that it has reached bottom position. The trend has not changed and EURUSD is showing a slow decline followed by a slow increase. In H4 graph it can be seen that, the resistance from the trendline still exist. It is worth noting that the candle has returned to above the middle BOLL and there is a lot of opportunity for market to strengthen. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 1.1800.
Resistance：1.1800-1.1825-1.1850
Support：1.1770-1.1750-1.1700
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