USD rose from a low point on Thursday, and Euro was under pressure after the two regional Fed chairmen hinted that the Fed would speed up the reduction of asset purchase plan. These remarks pushed the USD to a key resistance level. The currency market eased before Powell's speech. The minutes of the meeting announced by the European Central Bank stated that if inflation expectations can be successfully achieved, the redesigned forward guidance does not necessarily mean that "lower interest rates will be implemented longer."
From a technical point of view, Euro closed bearish after four consecutive bullish candle and continued to be under pressure on MA22. But the overall market is still bearish which kept the investors puzzled. The H4 graph shows that Euro is under pressure at MA120. However the fact that EURUSD stabilise at MA60 shows a sign of reversal and there are opportunities for the market to turn bullish. MACD is relatively strong. Overall prioritize buying at low prices on the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 1.1775
Resistance：1.1775-1.1800-1.1840
Support：1.1730-1.1700-1.1660
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