In the Asian session on Thursday, the U.S. index was trading near 92.70 and Euro was near 1.1815. Today, European Central Bank (ECB) will announce a monetary policy decision, which is expected to trigger major market conditions. European stock markets fell, reflecting concerns about the future market. Although major central banks such as the Federal Reserve and the Bank of England have hinted that they intend to gradually withdraw from the special monetary policy during the epidemic, the European Central Bank still insists on its ultra-loose monetary policy to support Euro.
From a technical point of view, Euro rose and fell and formed three consecutive bearish candles. Above 1.1910 became a key resistance. Once it is broken through, traders can consider opening position. The indicators on daily graph tends to be neutral. H4 graph shows that EURUSD broke through the upwards channel and operate around the lower Bollinger band. Indicators tend to be bearish. Overall prioritize operation within the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 1.1800.
Resistance：1.1840-1.1880-1.1910
Support：1.1800-1.1750-1.1700
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