On Monday, Euro fluctuated and closed bullish. Supported by good economic data in the Eurozone, EURUSD is now trading near 1.1875. Euro is pegged to USD in this week, and the trend of the USD will once again become a key driving factor. The European Central Bank also indicated in its strategic report and July meeting that they will not reduce the scale of bond purchase in a short term. Yesterday's weak economic data in the United States and the decline in U.S. bond yields were also important factors in stopping the decline and rebound of the Euro.
From a technical point of view, Euro’s daily line closed bullish with the upper shadow. There is an obvious resistance from above 1.1900, and the indicators showed bullish and bearish signs. H4 graph shows that BOLL started to narrow, and the moving average converges. There is a high chance that the market will start to fluctuate. Overall prioritize operate on the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 1.1850
Resistance：1.1900-1.1920-1.1950
Support：1.1850-1.1825-1.1800
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