The Asian market was calm on Monday, Euro fluctuated at 1.1775 against the USD. Business activity in the Euro Zone recorded the fastest monthly growth rate in more than 20 years in July, as the relaxation of more epidemic prevention measures has boosted the service industry, but concerns about another wave of epidemics have hit business confidence. The European Central Bank said that it will remove restrictions on banks to repay shareholders through dividends and share repurchases.
From the technical point of view, Euro's weekly candle closed bearish, and the daily candle continued to fluctuate at a low level. The daily indicators show bearish signs. H4 graph showed that 1.1750 became the key support level in the short term, the moving average continued to fluctuate around the lower BOLL band, and the RSI has certain signs of a change in direction. Overal, prioritise Sell on the fluctuation zone. The deciding point whether to buy or sell is near 1.1750.
Resistance：1.1800-1.1825-1.1850
Support：1.1750-1.1700-1.1600
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