On Monday, Euro continued its downward trend since Friday, fluctuating around 1.1720. This week, the market will receive several important economic data including the September non-agricultural employment report (NFP) of the United States. Today, focus on the speech of European Central Bank President Lagarde to the Economic and Monetary Affairs Committee of the European Parliament. There is also the German general election. The polls show that the most likely possibility is to produce a three-party coalition government, breaking the tradition of a two-party coalition governing after the reunification of the two Germanys. It also marked the end of Merkel's 16-year term.
From a technical point of view, Euro’s weekly candle is relatively bad, at is has fluctuated at around 1.1700 for a long time. Although the daily candle did not break below the interval, it was weak. In H4 graph shows that BOLL narrowed, the moving averages converges, and the market was relatively weak. Overall prioritize operation within the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 1.1700.
Resistance：1.1750-1.1780-1.1810
Support：1.1700-1.1680-1.1650
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