Euro continued to fall on Thursday, reaching a new low of 1.1665 in 2021. The European Union announced its current account for June, with a seasonally adjusted surplus of 21.8 billion Euros. The U.S. Department of Labour announced that the number of people applying for unemployment benefits for the first time in the United States unexpectedly improved in the week ending August 13. The number of people applying for unemployment benefits for the first-time last week hit a new low since the outbreak, showing that the job market is improving before autumn.
From a technical perspective, the daily candle of Euro continued to decrease, and all indicators show bearish signs. H4 graph showed that the opening of BOLL is turning downwards, and the MA is far below the MA22 and long-term MA. Overall, prioritise Sell on High on fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 1.1700.
Resistance：1.1700-1.1740-1.1780
Support：1.1650-1.1620-1.1600
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