On Wednesday, USD fell from one-year high position. Euro was able to take a breather and test a high of 1.1600. Due to the fall in yields on longer-term Treasury bonds, the September inflation data in the United States showed strong price increases, which pushed up expectations for the Fed’s tightening policy. Yesterday, President of the Bank of France Villeroy supported the flexibility of PEPP to reserve room for monetary stimulus measures. While Europe is in a natural gas shortage crisis, Putin said that he did not use his oil and natural gas resources as a weapon against Europe.
Technically, Euro’s daily candle closed bullish, and the trend of the dollar determines the rise and fall of the Euro. H4 graph shows that the candle broke the downward channel. MA forms Golden Cross on low position, and the RSI is stable above 50. Overall, prioritise Sell within the fluctuation zone. Consider the support zone and resistance zone,the deciding point whether to buy or sell is near 1.1560
Resistance：1.1610-1.1640-1.1680
Support：1.1560-1.1530-1.1500
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