The U.S. index fell to 93.10 on Thursday. Euro gained 52 points to close at 1.1739. Last week, the number of initial unemployment claims in the United States unexpectedly increased due to a surge in California applications. The weakening of the U.S. index under the combined pressure of negative market risk sentiment and weak economic data is also an important factor supporting Euro's rebound. However, the overall weak performance of the Euro Zone's economic data limits the room for Euro to rebound.
From a technical point of view, Euro’s daily candle closed bullish, and formed bullish engulfing. From the closing of the market, EURUSD has been fluctuating short term and will soon decide on a direction. H4 graph shows that EURUSD is stable about the middle BOLL, RSI is at around 50. Overall prioritise Buy on Low within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 1.1755.
Resistance：1.1755-1.1780-1.1810
Support：1.1720-1.1680-1.1650
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