On Tuesday, Euro rose and fell. Data showed that inflation in the Eurozone rose to a 10-year high in August and may rise further, challenging the European Central Bank's moderate view of price increases. The consumer inflation rate in the 19 member states of the Eurozone has accelerated from 2.2% in July to 3% this month, which is much higher than the 2.7% expectation, and much higher than the European Central Bank's 2% target, which gives some support to the Euro. While the Fed's interest rate expectations fell and risk taking sentimen increased, USD fell, and Euro benefited.
From a technical point of view, the daily candle closed with hammer pattern and Euro is suppressed by MA60. The overall pressure of BOLL closing is relatively high, H4 shows that the upward structure is complete. The bullish sentiment is strong and RSI shows signs of change in direction. 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 1.1800.
Resistance：1.1830-1.1850-1.1880
Support：1.1780-1.1750-1.1700
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