In the European market on Tuesday, EURUSD has rebounded again, reaching a peak of 1.19 and then falling back. Euro remained sideways as expected yesterday, neither Euro nor Dollar could fluctuate significantly, because there was no data release that might affect the market, and there was no upcoming speech by a spokesman for the European central bank or the US Federal Reserve, a prelude to the storm.
From a technical point of view, Euro’s daily line closed bearish. After three consecutive trading days of bullish and bearish battles, the daily candle is about to breakthrough. The H4 graph shows that the upper and lower Bollinger band have narrowed slightly, and MACD has operated below the zero axis for a long time. H1 graph appears to be more balanced and fluctuates near the MA. Overall prioritize operation 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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