On Monday, Euro rose and fell. The weakening of the US dollar could hardly support Euro's upward movement. This week the market will get the US September non-agricultural employment report, Canadian employment data, China's foreign exchange reserves and other important data. The European Central Bank Lagarde said: The Eurozone is returning from the fringes state, but it has not yet shaken off the problems caused by the covid-19 epidemic. The Eurozone is expected to return to the state before the covid- 19 epidemic by the end of 2021.
From a technical perspective, Euro’s daily candle closed bullish. The support below is yet to be confirmed, and the top is facing multiple resistances. The indicators are weak across the board. H4 graph shows that EURUSD stabilized slightly, BOLL narrowed and shows downward trend, the MACD volume is below zero axis. Overall, prioritise Sell within the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 1.1610.
Resistance：1.1610-1.1640-1.1670
Support：1.1560-1.1530-1.1500
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