EURUSD was steady at 1.1550 on Thursday, respite before the U.S. non-agricultural employment report. The progress of the U.S. debt and the gradual increase in risk sentiment of the energy crisis restricted the dollar’s gains. The European Central Bank is formulating a new plan to ensure that its emergency PEPP plan will end smoothly in March. Lien said: There is an important temporary component in the rise in inflation, Euro is safer, and the inflation expectation is at 2%.
From a technical perspective, Euro’s daily candle closed doji. Stabilization in the evening session is expected, but if a new low is broken, the decline will continue. H4 graph show that candle is losing trading momentum and continueds to form a doji-like pattern. The indicators are bearish across the board. Overall prioritize selling at high prices in the fluctuation zone, consider the support zone and resistance zone, the deciding point whether to buy or sell is near 1.1530.
Resistance：1.1570-1.1590-1.1640
Support：1.1530-1.1500-1.1450
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